Maritime Transport reports rise in 2021 profit and revenue

Tuffnells Parcels Express contributed £114m of revenue and £9.7m of operating profit to its new owner Connect Group in the year to the end of August, group chief executive Mark Cashmore has revealed.

Miniclipper Logistics almost doubled pre-tax profits last year boosted by “sustained high demand” for warehousing services.

Saints Transport saw a dramatic drop in pre-tax profit in 2016, in a year that saw the company undergo a major fleet renewal and chairman Piers Carroll complete an MBO.