Losses deepen at Welch's Transport

摘要

Welch's Transport's move to newly acquired premises in Bedford and a continuing shortage of drivers during 2019 led to deepening losses and a 1.9% reduction in turnover. However, in its latest financial results, the company said the relocation represented a sensible long-term investment and the new site was performing satisfactorily by the end of the year. In the year ending 31 December 2019, the haulage firm reported a £14.1m turnover, down from £14.4m in 2018. It made a pre-tax loss of £75,635, compared with a loss of £38,256 the year before. The company said that despite the fall in revenues, underlying trading performance had improved, particularly in the group's two truck dealerships.