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Turnover's up at CS Ellis but profit is stalk
Page 7
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A NEW DEPOT and contract wins have boosted turnover at the CS Ellis group by I m.
However, pre-tax profits for the Rutland-based haulier rose by just £12.000. to £329,000 in the year ending 30 June 2005.
A spokeswoman says this was in line with expectations, despite turnover jumping from .£7m in 2004 to Dim in 2(X)5:"Sadly. I think that's the way transport is There are a lot of things we don't have control over and one of the biggest is the cost of fuel."
She says the company's aim was to "just go for it" with respect to expansion: "If you don't take the initiative you disappear into oblivion. It's self-preservation."
The company's new depot in Whetsone. Leicester. boosted turnover and helped win new contracts, including one with toy company Corgi Classics.
• CS Ellis director Trevor Ellis has been appointed as chairman of the Palletline network, taking over from Ken Hackling of I lacklingTransport.
hackling stepped down to concentrate on his own business.