Reed Board­all de­liv­ers ‘strong’ re­sults

Com­pany faces ris­ing costs and in­tense com­pe­ti­tion

Yorkshire Post - Business - - BUSINESS / NEWS - Greg Wright DEPUTY BUSI­NESS EDI­TOR @greg­wrightyp

THE Reed Board­all Group has re­vealed that it de­liv­ered “strong” re­sults last year, de­spite fac­ing ris­ing costs and a fiercely com­pet­i­tive mar­ket.

Reed Board­all be­lieves it can with­stand any un­cer­tainty caused by Brexit and hopes to grow in this fi­nan­cial year.

The com­pany grew turnover to £61.6m in its last fi­nan­cial year, which is a 2.3 per cent rise on the rev­enues recorded the pre­vi­ous year.

Bor­ough­bridge-based Reed Board­all has op­er­ated in the tem­per­a­ture con­trolled lo­gis­tics sec­tor for more than 25 years.

The com­pany said it had been able to con­tinue its steady per­for­mance by achiev­ing in­creased vol­umes. The com­pany saw ad­justed EBITDA (earn­ings be­fore in­ter­est, tax­a­tion, de­pre­ci­a­tion and amor­ti­sa­tion) hold steady at £3.44m in the last fi­nan­cial year.

Mar­cus Board­all, deputy chief ex­ec­u­tive of The Reed Board­all Group, said the com­pany was a trusted part­ner to many of the lead­ing re­tail­ers and food man­u­fac­tur­ers in the UK.

He said the firm was plac­ing a pri­or­ity on con­tin­u­ing to pro­vide high lev­els of ser­vice as well as im­ple­ment­ing metic­u­lous safety pro­ce­dures and in­vest­ing in the lat­est in­no­va­tions.

He added: “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, the com­pany’s 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.

Ms Roberts added: “In such a dy­namic and com­pet­i­tive mar­ket, cus­tomers need a lo­gis­tics part­ner which con­sis­tently de­liv­ers on its prom­ises.

“With our 25-year her­itage serv­ing the UK food in­dus­try, we have a depth of ex­pe­ri­ence which sets us apart from com­peti­tors and also the vi­sion and com­mit­ment to con­tinue in­no­vat­ing for the fu­ture.”

Reed Board­all is one of the largest tem­per­a­ture con­trolled food dis­tri­bu­tion busi­nesses in the UK.

It stores and de­liv­ers frozen food from man­u­fac­tur­ers across Bri­tain, Europe and fur­ther afield to all the UK’s largest su­per­mar­kets.

The com­pany’s 170-strong fleet of ve­hi­cles moves an av­er­age of 12,000 pal­lets a day. It stores around £100m worth of prod­ucts on be­half of its cus­tomers.

It em­ploys more than 750 staff at its sin­gle site in Bor­ough­bridge, North York­shire.

In late 2018, the group up­graded its lorry fleet by in­vest­ing £2m in new trailers. Reed Board­all added an­other 23 sin­gle-deck semi-trailers and seven dou­ble-deck trailers to its 300-strong trailer fleet.

Sup­plied by Fraser­burgh-based ve­hi­cle man­u­fac­turer Gray & Adams, the 13.6m tri-axle trailers have been built to Reed Board­all’s spec­i­fi­ca­tions. They have satel­lite track­ing to enable mon­i­tor­ing of the lo­ca­tion and tem­per­a­ture of the ve­hi­cles.

Graeme Richard­son, man­ag­ing di­rec­tor of Reed Board­all’s trans­port divi­sion, said: “These lat­est trailers fea­ture im­proved aero­dy­nam­ics and load fill, giv­ing them a stronger pro­file to de­liver cus­tomers’ loads.”

We have a depth of ex­pe­ri­ence which sets us apart


RE­SILIENT PER­FOR­MANCE:Mar­cus Board­all, deputy chief ex­ec­u­tive of The Reed Board­all Group, with fi­nance di­rec­tor Sarah Roberts.

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