Reed Boardall reports 'another difficult year'
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REED BOARDALL Transport has posted a loss, despite what the Borough bridge. North Yorks firm describes as "an improvement in its fortunessince the beginning of last year.
Pre-tax loss for the year to 31 March 2009 at the frozen food storage and distribution business deepened by 8.5% to £652,262 from £601,438 in. the previous 12-month period. Turnover grew 10.6% from £27.4m to £30.3m.
The directors' report says the company experienced "another difficult year of trading" mainly as a result of increases in fuel costs
However. it adds that the company's fortunes have shown a "marked improvementsince February 2009, and that it "seems likely the company will report a profitfor the year to March 2010.
Finance director Marcus Board all "Significant initiatives introduced in the year include a new tracking system. redesigning our management information and reorganising the transport planning department. We have weathered the economic downturn weir The other part of the business. Reed Boardall Cold Storage, performed better, posting a 5.4% rise in pre-tax profit to £3.9m last year. Turnover soared almost 50% to £23.3m from £15.6m thanks to increased cold store capacity, which came on stream in May 2008.