Cold storage business reports growth despite rising costs
02 January 2019
Yorkshire-based cold storage and transport business The Reed Boardall Group grew turnover to £61.6m in its last financial year (ending 31 March 2018), a 2.3% rise in revenues from £60.2m last year.
The company saw adjusted EBITDA hold steady at £3.44m (2017: £3.53m).
Marcus Boardall, deputy chief executive of The Reed Boardall Group said: “Given the fierce competition within the transport industry, along with rising fuel costs, this remains a challenging sector. However, with our long-established customer relationships and strong reputation, we are proving resilient and recently invested in a further 30 bespoke, aerodynamic trailers to complement our 300-strong fleet.”
Sarah Roberts, finance director, added: “Over the last financial year, we have not only been able to improve utilisation of our 142,000 pallet capacity cold storage facility, but also to win additional business on the strength of the ancillary services we offer including blast freezing, picking and packing.