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MAY 2014

Annual report reveals £1.1m profit for ACS&T

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It’s been a hugely successful year of trading here at ACS&T, with the annual figures report verifying we have secured a £1.1m pre-tax profit for the 2013 operating period.

This is the third consecutive year we have demonstrated profit growth, an achievement our Managing Director, Malcolm Johnstone, puts down to the ongoing commitment to customer service, staff training and drive toward service excellence within ACS&T:

“As a company, we strive to position ourselves as a logistics partner rather than logistics provider. We take the time to gain a comprehensive understanding of the supply chain complexities for each of our customers and work with them to develop bespoke solutions which best suit their logistics needs.

“This means ensuring that our staff, procedures and facilities are the best in the business – areas which we are continually investing in. There has been considerable capital investment during 2013 in the IT equipment, our properties and commercial vehicle fleet, which helps to ensure long-term profitable growth.

“The investment was made using cash reserves rather than through debt, giving an indication of the strength of our balance sheet.”

In addition, during 2013, all of our warehousing staff completed the Food Storage and Distribution Federation (FSDF) QCF logistics training program, to ensure continuing customer service and operational excellence. We are planning to expand the QCF qualification to transport staff in 2014.

Our continued investment seems to be paying off, following the announcement that we have passed our BRC audit for the fifth year running. As the first food logistics business to be awarded with the BRC Storage & Distribution certificate across all temperature regimes, the re-accreditation endorses the continuing quality of our systems and processes, as Malcolm explains:

“We have the utmost confidence in our quality systems, but it’s always reassuring to hear that external auditors are in agreement. Our commitment to excellence underpins everything we do here at ACS&T, so it is extremely important for us to retain the BRC qualification year after year.”

During ACS&T’s 90 years in the industry, we have built up a loyal customer base of leading industry names, including 3663, McCain, Young’s Seafood and Menorquina, amongst others. This year, we also signed new deals with speciality meat and poultry processor, Pinnacle Foods, and London-based specialist bakeries, Eghoyan’s and Hollyland’s, as well as securing contract extensions with several existing clients.

Malcolm continues:

“We operate in a consumer-driven market, which means we have to be capable of adapting to the ever-evolving requirements of both current and prospective customers. This involves regularly identifying potential gaps in the market and growing our service offering accordingly.

“This coming year, we will be introducing a nationwide pallet distribution (Less Than Truckload) network, alongside a full, multi-user, kerbside delivery network which will handle consignments as small as a single case and charge appropriately. The company is also constructing a new cold store facility to enable our services expansion. Our existing product portfolio and these two new exciting additions have been developed to provide our customers with even greater flexibility when it comes to delivery options.”

Exceptional costs of £160,499 have been recorded (2012: £494,350). These relate to property costs.

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