1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182 
Turnover up but profits down as rising fuel costs hit Fagan & Whalley hard
Page 13
If you've noticed an error in this article please click here to report it so we can fix it.
BURNLEY-BASED national and international haulage contractors Fagan &Whalley took a 37% hit in pre-tax profits last year, despite increasing its annual turnover by almost 8%.
During the financial year ended 30 April 2006 the company made a pre-tax profit of £569,741, compared with £908,801 in the previous year The company's senior executives, who include commercial director Stephen Fagan, describe its financial report as "consistent with the size and nature of our business and is written in the context of the risks and uncertainties we face."
The company blames the 27% drop in gross profit to £2m, on the rising cost of fuel, Its business review of the latest set of accounts concludes: The business environment in which we operate continues to be challenging, but we are confident that sustained growth and increased profitability can be achieved."
During the financial year Fagan & Whalley increased staffing levels, mainly in distribution, from 129 to 138.