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Pulleyn Transport pulls in profit

Reading-based Pulleyn Transport says it is “pleased” its clients accommodated an increase in rates following increases in fuel prices and Euro to pound exchange rates that saw it increase profit threefold.

Pulleyn, which transferred its entire balance sheet, undertaking, directors, management and staff to newly registered entity Proteus 102 on 1 June this year, saw pre-tax profit rise to £1.1m for the year ending 31 May, compared to a pre-tax profit of £383,719 in the same period a year ago.

Turnover also increased to £10.2m, compared to £9m in its previous financial year.

In the director’s statement filed at Companies House, Pulleyn, which specialises in European transport and temperature controlled storage, says the 13% increase was an “extremely positive rebound” despite the escalating price of fuel and strength of the Euro.

“It was pleasing to note the support received from clients in respect of rate adjustments which took into account these increased costs,” it says. “The company’s loyal client base remains and new clients were added during the year.”

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