Stan Robinson (Stafford) has revealed a drop in profit and an increase in turnover, and warns that maintaining margins and increasing market share will continue to be "challenging". Operating profit for the year to May 2008 at the Stafford haulier dipped to £466,780 from £675,762 the previous year. Pre-tax profit also dropped - to £395,862 from £609,479. However, turnover rose to £18.1m from £16.8m.
In
a financial statement, the firm says profit fell because it was unable to pass on the full increase in overheads to customers in the form of rate increases. It adds: "In general, the UK haulage sector has been undergoing a difficult period and the company's performance is therefore pleasing. "Looking ahead, maintaining margins and increasing market share will continue to be challenging." The company says that during the year it invested £1.17m in fixed assets, including new vehicles.
