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There's no profit in haulage
Page 15
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RYGOR GROUP Services reduced its involvement in general haulage last year as pre-tax profits shrank to just £7.881.
Clive Squire,director of the Wiltshire-baseddistribution.warehousing and contract-hire company,says it is now focusing on contract work: tie blames high fuel prices. low haulage rates and the Working Time Directive for the company's lacklustre performance.
Rygor's accounts for the year to April show the work Ibrce shrank by nearly 10% to 179. Estimated losses that can be discounted from future trading profits are now running at £355595. compared with £259,896 in 2()04.
Squire says the necessary corrective action has been taken, including a cut in the size of Rygor's fleet: "We're looking fonvard to a better year."
Rygor Group, which includes the Mercedes-Beni dealership Rygor Commercials and Rygor Group Services, made a pre-tax loss of £268.061 on turnover of f71Am in the year to April.