Despite turnover rising by almost half in 2017 Simon Gibson Transport saw its profit fall for the third consecutive year as the firm continued to invest “heavily” in its fleet. Reporting its latest annual results for the year to 31 December 2017, the East Yorkshire-based bulk powder transport company revealed a £7.1m investment in a […]
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Accounting firms KPMG and PwC have been fined over their audits of Eddie Stobart Logistics (ESL) for “not satisfying the relevant requirements”. UK accounting regulator, the Financial Reporting Council (FRC), said there were “numerous, serious and pervasive failings” in PwC’s 2018 audit of ESL and “some serious failings” in KPMG’s 2017 audit. PwC was fined […]
Creditors seldom get back all of the money owed to them when a company becomes insolvent, but you don’t have to take things lying down.
Darcica Logistics has received funding from the OxLEP Business Investment Fund to reduce the amount of black plastic used on its pallets, which will help it cut emissions and reduce the time it takes to wrap pallets. The Palletways member applied to OxLEP for funding for new pallet-wrapping equipment to enable the company to create […]