Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

Fife coach firm’s confidence in road ahead

Moffat & Williamson has picked up more Fife Council contracts.
Moffat & Williamson has picked up more Fife Council contracts.

Higher repairs and insurance costs slowed the progress of Fife coach operator Moffat & Williamson last year.

Managing director George Devine insisted that it had been a successful year with turnover up and good prospects for the future.

The Gauldry and Glenrothes-based firm reported a pre-tax profit down 21.5% at £102,000 in the year to November 2015.

Turnover was up 10.6% at £4.26 million, a rise that Mr Devine described as “significant.”

In the firm’s strategic report lodged with its accounts at Companies’ House, he explained: “There is an increase in the private hire revenue which continues to grow year on year.

“As a result of the successful award of Fife Council school contracts in the 2014/15 tendering exercise, the company has increased this revenue stream.”

He continued: “Despite a very substantial increase in revenue, the company returned a lower profit due to unforeseen events which saw repairs and insurance costs increase.

“Wages and salaries were also higher as additional drivers were employed to allow additional private hire income and to also help in bids for future council service contracts which the company has subsequently won.”

The firm had a workforce of 98 during the year, up from 85 the previous year.

Mr Devine stated: “The company has continued to invest and grow, so taking all things into consideration the company had another very successful year in 2015.”

In its effort to continue to seek opportunities to increase turnover and profitability, he said Moffat & Williamson was continuing to improve and develop relationships with key customers and in particular Fife Council.

“As a result the directors are confident that the company can continue to  expand its trading base throughout the foreseeable future.”

In the 2015/16 year the company purchased seven new environmentally friendly vehicles and has improved its workshop and fleet.

The new year had also seen the company, with a fleet of more than 30 coaches, bid successfully to win some service contracts in Dundee for the first time.

Moffat & Williamson came into being in 1978 when the separate firms of James Moffat & Sons of Cardenden and Williamsons of Gauldry, both formed in 1945, were amalgamated.

The company, run by George and Lesley Ann Devine, is a wholly-owned subsidiary of Williamson Transport which is in turn a wholly owned subsidiary of Devine-Devine Transport.

Already a subscriber? Sign in

[[title]]

[[text]]