The group, which comprises Maxi Group Ltd., Maxi Haulage Ltd., Maxi Warehousing Ltd. and Maxi Construction Ltd, reported turnover was £74.56m down from £80.54m mainly due to the period of forced closure.
Following the closure, business picked up and the completion of existing contracts provided an increase in declared profits. Group pre-tax profit was £2.08m which under the very difficult trading conditions is considered by the directors as satisfactory.
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The haulage company incurred huge costs associated with the problems of maintaining customer service during Brexit, but with heavy work demands this levelled out during the second half of the year. Initiatives are being implemented to address the increasing critical driver shortages being faced by the industry. Due to the unique circumstance capital expenditure was significantly less than normal, this has increased during the following period, however the industry is now facing longer delivery times for new truck and trailers.
Chairman Gerry Atkinson commented that despite all the difficulties both the construction company and haulage company had to contend with, they have both produced an exceptional performance for which he thanked their dedicated staff.
