Maxi Powers Out Of Covid Pandemic

MAXI Caledonian Ltd, holding company of Maxi Haulage Ltd, has reported an increase in turnover to over £80m and a profit of £4m as shown in their September 2021 accounts.
“We have retained all major business and developed some new business relationships. The mitigation of Brexit issues and driver shortages by Maxi Haulage and less Covid-19 disruption to activities have resulted in improved financial results,” confirmed group chairman Gerry Atkinson.
“We invested less in our fleet replacement and enlargement due to industry shortages but continued to purchase as stock became available.
“Careful management of the challenges presented by the Covid-19 pandemic, heavy increases in construction material costs coupled with shortages, huge fuel cost increases and possible major supply issues is required in order to minimise their effect on turnover and profitability.
“The group continues to trade with a strong balance sheet with no borrowings and large financial reserves, allowing us to make all required investments from our own funds,” confirmed the chairman.

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