New contracts help boost Pollock (Scotrans) profits

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Pollock (Scotrans) said enhanced customer relationships and new contracts helped it increase turnover by 4% last year.

The Scottish operator reported revenues of £27.8m for the year ending 31 August 2019, as well as a £256,000 pre-tax profit – up from £58,000 in 2018.

It said it had achieved the figures “against a backdrop of challenging trading conditions”.

Pollock (Scotrans) said its strategy of maintaining and enhancing key customer relationships, winning new contracts from existing and new customers and the use of non-financial KPIs to monitor and manage key costs and efficiencies all helped to grow the business and boost profits.

In its business review, the company added: “Subsequent to the period end, we have been successful in several large contracts which will see our turnover continue to increase annually.

“Pollock (Scotrans) continues to operate in a very competitive UK transport industry in which cost pressures and a shortage of experienced and qualified drivers are expected to continue to affect all participants.”

In January 2019, Blackburn-based Kenyon Road Haulage bought some of the assets of Gilbraith (TS) from Pollock, a business it had acquired in 2014.

MD Scott Pollock said the sale allowed the firm to focus on its long distance haulage business.

The post New contracts help boost Pollock (Scotrans) profits appeared first on Motor Transport.

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