Reed Boardall remains ‘resilient’ as turnover rises to £61m
Cold storage and transport business The Reed Boardall Group has seen turnover surpass the £60m mark once again despite “fierce competition within the transport industry, along with rising fuel costs.”
For the financial year ending 31 March, the Boroughbridge-based company grew turnover to £61.6m, a 2.3% rise in revenues from £60.2m last year.
Reed Boardall also reported an adjusted EBITDA of £3.44m, which is a slight drop on last year’s figure of £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: “Our strong results are testament to the efficiency of our single site model, giving customers a truly integrated cold storage and transport service, and establishing us as the largest consolidator of frozen food in the UK.
“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.”
Reed Boardall boasts a 170-strong fleet of vehicles which move an average of 12,000 pallets a day and stores around £100m worth of products on behalf of its customers. It employs over 750 staff at its single site in Boroughbridge, Yorkshire.
