Lewis Tankers breaks even ahead of its five-year plan
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HENSALL, Yorkshire-based Lewis Tankers returned to proit in 2011, placing it ahead of its ive-year business plan put into play following 2009’s management buyout.
Signiicant new business with Kuwait, World Fuel Services, Univar and Brenntag saw revenue for the year ended 31 December 2011 leap 53% to £11m (2010: £7.2m).
This drastically improved the tanker irm’s gross margin, which resulted in a slim pre-tax proit of £115 compared with a £451,381 loss in 2010.
MD Stewart MacDonald said: “We are pleased with our 2011 performance and are conident that we can continue to successfully develop the company. We continue to sign new business and our pipeline remains strong for the rest of the year and beyond.” Staff numbers at the operator increased from 108 to 120 last year, and the tanker leet increased from 71 to 85.