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Profits rise 10% at Potter Group
Page 7
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ROAD AND rail freight specialist The Potter Group has seen its profits and turnover rise by more than 10% during the year ending 30 April 2005.
Turnover hit £17.5m — up 11.5% from the previous year — while profit rose by just over 10% to £671,905, representing a margin of around 4%.
Debts have also fallen slightly, from t6tri to 15.8m.
Derrick Potter. the group chairman, predicts similarly strong growth for this year.
He says: "Quite clearly the idea is to grow our business and we are going to be focused on doing that through putting more money back in," The company has already invested heavily this year in extra container handling facilities.
Potter adds: We are looking at our clients and the services they require. We need to be inventive and find new [transport] solutions for them."
He says it was customer needs which prompted the business to join the Pall-Ex pallet network earlier this year.
The group recently appointed Matthew Lamb as MD.