The popularity of private motoring and the domination of the freight industry by road hauliers is underlined by the statistics. For example, of the 30 million vehicles registered in the UK, 25 million of them are cars. Meanwhile, goods vehicles carry 80% of all the freight transported in the UK.
The haulage industry is characterised by a large number of small and medium-sized firms, many of which are family-run businesses. The predominance of smaller firms results from the fact that 60% of the goods carried are transported less than 30 miles, and only 10% are carried further than 60 miles.
Reeves+Neylan have clients throughout the motor and haulage industry. They range from major UK and international hauliers to garages, autopart distributors, motor hire companies, courier firms and taxi businesses.
For all these companies increasing competition has led to reductions in rates and gross margins. Nevertheless, it is essential that such businesses strictly control their operating margins on a daily basis. Our knowledge of this sector has made us experts in assisting with those costing and budgeting decisions which can make the difference between success and failure. We also have considerable experience in helping company management to establish the appropriate systems to monitor the effect of pricing decisions.
For international hauliers we can also assist with the recovery of VAT incurred on fuel in Europe.
Contact our VAT specialists for further information
Every freight company is driving for success but with the help of Reeves+Neylan, many of the financial pot-holes can be avoided.