Archbold Logistics triples profits amid review of client base
Archbold Logistics tripled its pre-tax profit last year by mitigating the effects of Covid-19 and withdrawing from less profitable work. The distribution specialist saw turnover fall by 3.2% to GBP16.8m in the year ending 31 December 2020, but profit increased to GBP384,000 from GBP128,000 the year before. The company said it had developed new key customers during the period and continued to cement relationships with long term key clients, while “progressively withdrawing from business that is insufficiently profitable”.
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