Haulage and warehousing outfit Elddis Transport says the acquisition of a new Consett base and the closure of its Durham depot last year was a "sound strategy" that positively impacted its performance.
The long standing, family-run firm said the decision to close its Old Pit Lane, Durham site, which it had operated for 44 years, and immediately reinvest in revamping the former GT Engineering base in Consett had strengthened its position. In accounts for 2021, the 51-year-old business, reported a £143,000 rise in operating profit to £860,000, from turnover of £28.7m.
Work on the Consett site created a new storage and distribution space, to secure additional onsite capacity for its warehouse operations. Elddis also pointed to investment at its Newton Aycliffe base, acquired in 2020, which has provided a permanent new commercial HGV and trailer park on land off Jowett Way, which offers access to local transport hubs and the main A1M.
