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Linq boosts turnover
6th December 2007, Page 17
6th December 2007
Page 17
Page 17, 6th December 2007
— Linq boosts turnover
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THE HAULAGE consortium Ling Alliance has boosted its turnover by 89%, but declines to reveal the latest figure.
Although Ling is registered with Companies House it only has to file abbreviated accounts because it qualifies as a small company, even though it was formed in 2003 by 25 haulers, This means its accounts do not have to record turnover.
To qualify as a small company under Companies House rules a firm has to meet at least two of the following three conditions: • Turnover must be not more than £5.6m.
• The balance sheet total must be not more than 02.8m.
• The workforce must not exceed 50.
The chairman of Ling Is Meachers Transport MD Bob Terris.