Maxi sees turnover rise but margins squeezed

Irvine-based haulage and construction group Maxi Caledonian has seen its margins clipped by “unavoidable cost increases which have not been recovered”.

Releasing its latest accounts, the owner of Maxi Haulage, Maxi Warehousing and Maxi Construction, stressed that all companies remain profitable.

It noted: “We continue to maintain very healthy balance sheets with cash reserves and no borrowings. This allows us to maintain our investment programme and finance expansion when opportunities arise.”

At Maxi Haulage, turnover increased from £56.1 million in 2016 to £62.3m last year, generating a profit before tax of £1.35m.

The firm made £3.5m of capital investments to “maintain a modern fleet essential to continuing to achieve our high levels of efficient services and expansion”.

The Maxi Construction business saw turnover rise to £11.4m from £8.6m previously.