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Profits fall at %Alin
Page 7
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FUEL DISTRIBUTION firm Suckling Transport boosted its turnover by 62% to £16.2m last year but pre-tax profits slid nearly £50.000 to £238.000.
MD Peter Lamer describes the year to 31 March 3005 as-strangeand-interesting".He explains that the investment required for its new contract with Fuel Force,coupled with figures that don't reflect a full year's contract with Shell, "skewed" financial results. lie adds that margins are not generally high in the fuel sector.
Lamer says that the company's growth is entirely organic and comes from huildin customer base.
"Growth has continued year." Lamer adds. "and probably be 25% over that £20m, in this financial yea finished third in the 1(X) fa growing companies; the two us grew through acquisitions The company had to weal storm created when Fuel I decided to sell 160 service sta only weeks into its cor with Suckling. However, Suc retained most of its but. through the new sites' owner christopher.tindall@rbi.co.ul