Reed Boardall Group sees turnover rise

Reed Boardall Group sees turnover rise

The Reed Boardall Group has put in another sound financial performance with revenues rising to just under £66m in the year ending 31 March 2015.

The cold storage and transport group’s rise in revenue is an increase of 3% from the previous year’s sales of just over £64m.

Boroughbridge-based Reed Boardall also saw an increase in profit before exceptional items from £2.6m in 2014 to £3.2m in 2015, largely due to improvements in controlling some direct costs.

However, the group’s transport activities continued to be challenging with competition making it difficult for the group to recover the increases in cost incurred this year.

Marcus Boardall, deputy chief executive of The Reed Boardall Group, said: “2015 was another year of consolidation for us, building on our sound financial track record and making further inroads into eradicating unnecessary costs.

“With more than 20 years serving the British food industry, we have a proven formula for success and our strong performance continues to validate our business model based on a single facility from which we are able to serve all of our customers’ needs efficiently.

“We firmly believe that this strategy allows us to excel in customer satisfaction and service quality and sets us apart from our competitors in a market which is increasingly dynamic and competitive.”

Reed Boardall is one of the largest temperature controlled food distribution businesses in the UK, storing and delivering frozen food from manufacturers across Britain, Europe and further afield to all the UK’s best-known supermarkets. 

Operating 247, its 180-strong fleet of vehicles moves an average of 12,000 pallets a day and it stores around £100m worth of products on behalf of its customers. 

It is based at a single site in Boroughbridge which is the largest of its kind in Europe employing over 750 people.