Widdowson Group goes into the red
Leicester haulier and logistics operator Widdowson Group has dipped into the red with a pre-tax loss of £319,716 and an operating loss of £35,984 for the 12 months to 31 March 2006. These results are in contrast to the previous year: in the 12 months to 31 March 2005 the firm doubled its pre-tax profits to £633,314 with a £970,000 operating profit. The company blames a tough trading climate, together with a review of its fixed assets which resulted in a £190,637 loss on disposal.
News - Commercial Motor
January 25, 2007