News / £50m HMRC bill hangs over Wincanton as H1 profits take a dip

UK 3PL Wincanton today reported a 33% decline in pre-tax profit for the first six months of the year, as it struggled to overcome the challenges posed by the pandemic.

Pre-tax profit for the six months to the end of September came in at £19.1m ($25m), on the back of a 2.4% year-on-year decline in revenues to £578.7m.

However, CEO James Wroath said a number of new contract wins during the period would leave the company better placed at the end of ...