HAULAGE firm John G Russell has grown pre-tax profits by more than £200,000 to £2.9 million as it focused on margin improvement.
Turnover was down 2.3 per cent to £61m for the year to March 31, according to newly published accounts at Companies House.
The Hillington-based firm said in that loss-making activities within southern rail services has a positive impact on the bottom line, while the company also benefitted from sustained warehouse throughput and consistent margins throughout the year.
Following 2014’s investment in a new rail distribution facility in England, the company last year invested £4.8m in its assets, including an expansion of its interests in the midlands, and new handling equipment.
In addition to its freight and transport business, the family-owned firm also owns more than 100,000sq ft of bonded cask warehousing.
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