Keedwell Covid Restructure Helps

A DECISION to refocus the business in 2017 has put RT Keedwell Holdings in a stronger position to weather the Covid-19 pandemic, writes Carol Millett.
Managing director Jon White said the ‘market is very tough, particularly with the impact of Covid on the construction sector. The fact that we were already in the process of rationalising costs, choosing work which is a much better fit for us and consolidating some areas means we will come out of this in a much better position.’
The Highbridge, Somerset based haulage company specialises in the construction and infrastructure, general haulage and packaging sectors, operates a fleet of 425 vehicles and employs 550 staff, including 450 drivers. It has 11 depots, including three in Scotland.
In its latest annual results to 31 October 2019, the company reported a slight rise in revenue to £42.7m (2018: £42.2m), however, pre-tax profit fell to £63,672 (2018: £380,753).

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