Yorkshire based Lewis Tankers has reported a 53 per cent rise sales to £11m and a 90 per cent improvement in gross margin enabling it to break even in terms of operating profit.
That represents a turnaround of £450,000 in operating profit from 2010.
The company was the subject of a management buy-out in 2009 and is now performing ahead of its five year business plan.
Business wins include Kuwait, World Fuel Services, Univar, and Brenntag.
Managing director Stewart MacDonald said: “We continue to sign new business and our pipeline remains very strong for the balance of the year and beyond. With that in mind we are continuing to invest in new people and new vehicles. Staff numbers have grown from 108 to 120 and our tanker fleet has increased from 71 to 85.
