Collins Earthworks blames profit dive on red diesel hit

Derbyshire-based Collins Earthworks saw pre-tax profits nosedive to £4.7m from £16.8m previously as costs soared in the year to November 2022.
The firm blamed the removal of the red diesel rebate in the face of rapidly rising fuel costs.
Revenue at the business edged up 5% to £113m in the year while staff levels also jumped by nearly a third to 400.
Director Dave Collins said: “The profitability for the year has been impaired due to changes in government legislation on th