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 
Iii 'bett & Britten boosts
Page 12
If you've noticed an error in this article please click here to report it so we can fix it.
profits and revamps fleet
• Distribution group Tibbett & Britten is investing £5m on the first part of a fleet modernisation programme after increasing its first-half profits.
Last year the group issued two profit warnings after suffering large losses at Axial UK, its motor distribution subsidiary. Now it is enjoying modest improvement with pre-tax profits of £10.6m (up from .£5m in 1995) on a turnover up 10% to £340m (£307.9m).
T&B's UK clothing, textile and soft goods division benefited from last autumn's restructuring of the Fashion Logistics network as a specialist garment carrier.
The division has also been appointed by Marks & Spencer to handle the warehousing, picking and retailing of clothing and textiles for its first store in Germany at Cologne. This contract will be serviced from the dedicated West Thurrock regional distribution centre.
Contracts have been renewed with Asda for the management of its Bristol regional distribution centre and with Trebor Bassett for primary transport.
Group chair man John Harvey says the improved profits resulted from tighter management controls and better information systems—and the fact that Axial UK did not experience any problems in August, the key month for new vehicles.