Gregory Trading Holdings Profits Hit By Inflation, Energy Costs And Lead Times

Gregory Trading Holdings saw pre-tax profits fall by almost a third last year as the company battled soaring inflation, rising energy costs, rocketing business rates, and long lead-in times for vehicles and spare parts, reports Carol Millett.

In September 2023, at the end of its financial year, the group demerged the property element of the former Gregory Distribution Holdings from the rest of the group, creating two new groups.

These are Gregory Warehouse Holdings, which owns all of the properties previously held within the Gregory Group, and Gregory Trading Holdings, which is the logistics arm.

Reporting its results for the year to 30 September 2023, Gregory Trading Holdings unveiled a slight rise in turnover to £341.6m (2022: £335.6m) with pre-tax profit falling to £8m, down from £11.9m.

The family-owned firm includes Gregory Distribution, ARR Craib Transport, Pollock (Scotrans) and Pollock Express, which the group acquired in 2021, and a joint venture with Hayton Coulthard.

It is also a member of Palletways, Palletline and HazChem, boasts over 400 customers and operates a fleet of over 1,200 vehicles and around 2,000 trailers.

The post Gregory Trading Holdings Profits Hit By Inflation, Energy Costs And Lead Times appeared first on Transport News.

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