MAXI Caledonian, the ultimate holding company of Maxi Haulage, Maxi Construction and Maxi Warehousing, has published its September 2021 accounts, showing a rise in both profit and turnover.
The group has reported turnover returning to over £80 million and a profit of £4 million. Maxi explained the mitigation of Brexit issues and driver shortages by Maxi Haulage, coupled with less Covid-19 disruption to Maxi Construction’s activities, have resulted in these improved financial results.
The business said it invested less in fleet replacement and enlargement due to industry shortages, but continued to purchase as stock became available.
“Our successful performance has continued into the next period,” said chairman Gerry Atkinson. “However, careful management of the continuing 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 very strong balance sheet with no borrowings and large financial reserves, allowing us to make all required investments from our own funds.”