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Property dealing boosts profits at John Hackling

22nd May 2008, Page 12
22nd May 2008
Page 12
Page 12, 22nd May 2008 — Property dealing boosts profits at John Hackling
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COTSWOLDS HAULIER John Hackling increased its pre-tax prof it more than tenfold last year, mainly thanks to a property deal in which it sold a large plot of land to a housebuilder.

Pre-tax prof it jumped from £422,000 in 2006 to £4.5m in the year ending 30 September 2007.

The managing director of the Bourtonon-the-Water, Gloucestershire-based firm, Ken Hackling, says: The increase was almost entirely to do with the property deal, which we've been working on for about eight years. Unfortunately, profits will not be the same next year."

Turnover is currently running at around El Om a year, according to Hackling, and he expects business to be difficult for

the coming year. largely because of the rising cost of fuel.

He adds: "We are putting fuel price escalators into our contracts, but customers are beginning to kick a bit, so times are tough."

Nevertheless, Hackling says the firm has not lost any customers so far as a result of fuel price surcharges.

He adds: "As long as hauliers stick together, I think we should be all right."

John Hackling employs 140 staff and runs 60 trucks in its general haulage operation.

It also has approximately 11,150m2 of warehouse space and runs a property company, which operates an industrial park in Bourton-on-the-Water.

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Locations: Gloucestershire

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