Revenues at Yorkshire-based cold storage and transport business The Reed Boardall Group dipped slightly to £64.3m in the year to 31 March 2016, compared with £65.9m in the previous 12 months.
The business, which serves retailers and food manufacturers throughout the UK, said the fall in turnover was attributable to a minor decrease in volumes as a result of the expected loss of a large customer part way through the financial period. However, it added it has “very quickly” made up the volume of stock in store.
The transport division continued to face a tough climate, with costs increasing during the year.
Pre-tax profits rose £200k to £3.4m in the year thanks to increased efficiencies within the business.
Deputy CEO Marcus Boardall said: “After more than 20 years as partners to some of the leading players in the British food sector, we have a tried-and-tested formula for cost effectively and reliably providing the integrated cold storage and transport services they need.
“With consumers shopping more frequently at outlets with restricted storage space, our customers are demanding smaller and swifter deliveries. This fits well with our business model of a 142,000 pallet storage facility operating on a single site, enabling us to respond quickly with ‘order today, delivery tomorrow’ as well as providing excellent value as we are able to combine products from various customers.”
The Boroughbridge warehouse is one of the largest cold-store facilities in Europe. Reed Boardall employs more than 750 staff at the site and operates a fleet of 180 vehicles.