CitySprint's series of acquisitions over the past 18 months has seen its turnover top £100m for the first time, but the same-day courier is now targeting organic growth for 2013.
Pre-tax profit rose 33.6% to £10.64m (2011: £7.9m) in the year to December 31 2012 as turnover increased 36.1% to £101.1m (2011: £74.3m). This is partly due to the fact that 2012 was the first full year in which the firm incorporated activities from the acquisition of Lewis Day in November 2011.
During 2012 CitySprint also completed three acquisitions including Scarlet Couriers, its second largest acquisition to date.
Patrick Gallagher, CitySprint CEO, said: “We will continue our investment programmes in the business as we focus primarily on organic growth during 2013 and look for further acquisitions which can complement the requirements of our growing customer base.”
In 2013 CitySprint has continued the acquisition spree it launched following its management buy-out in 2010, buying Warrington-based Sameday UK as well as luggage delivery, replacement and repair company Heathrow Baggage Services.
By Andrew Stone.
