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Difficult trading year for ACS&T
Page 19
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FROZEN FOOD storage and distribution company ACS&T is still struggling to return a profit, according to latest figures.
Although annual turnover rose by nearly £1.7m to f32m last year, the company made an operating loss of £234,720.
This wasan improvement on the £486,400 loss recorded in 2003 —hut a financial report by the directors says 2004 was another difficult trading year and the figures were worse than expected.
"Measures have been put in place with a view to returning the company to profitability within the next I 8 months." the report adds.
Three directors and the chairman resigned between June 2004 and June 2005.
Managing director Ashley Sharman declined to comment about the results.
ACS&Temploys5 lOpeople with depots in Grimsby, Humberside, Wolverhampton. West Midlands and Tewkesbui,,,,Glos. It is owned by Kent-based Linton Park.