Reed Boardall sees profits plunge in wake of “extreme” challenge of Covid and Brexit

 

Temperature-controlled food storage and distribution business Reed Boardall saw pre-tax profit fall by two thirds last year as the pandemic lockdowns and Brexit created an “extremely challenging environment” which saw food service sector volumes plummet and costs escalate.

According to its latest annual results to 31 March 2021, whilst the company saw turnover rise by 2.1% to GBP69.8m (2020: GBP68.4m), its pre-tax profit fell 65% to GBP705,393 (2020: GBP2m).

The Yorkshire-based firm, which runs a fleet of 196 vehicles and […][1]


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References

  1. ^ Reed Boardall sees profits plunge in wake of “extreme” challenge of Covid and Brexit (motortransport.co.uk)
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