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Edwards Logistics more than double its profits while turnover declines
Page 13
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EDWARDS LOGISTICS, the in-house transport firm for the American Standard group of companies boosted its profits by 215% in the financial year tc December 2005.
Overall profit grew from £89,000 in 2004 to £280,700 in 2005the year in which Edwar pulled out of third-party transport in the UK and Belgium.
At the same time pre-tax pro! rose from £133,301 to £468,124. despite turnover falling from €26.4m to .#22.4m In the financial report the directors says they will be concentrating on providing logistics services to other American Standard Group companies although the firm will "continue to review its third-party options Nobody from Edwards Logis tics was available for comment CM went to press.
Geoff Edwards set up the company in 1946 with a used a nine-tonner on an A-licence. In February 1968 it became an autonomous operating unit of Idet Standard a division of American Standard which makes bathroom furnishings.