Clipper Logistics saw its pre-tax profit and turnover continue to climb in its second year as a listed company as it began a series of new contracts.
For the year ended 30 April 2016, group turnover grew 23.6% from £234.8m in 2015 to £290.3m.
Within that, turnover generated by its e-fulfilment and returns management services grew 61.1% to £97.6m, while turnover from its non e-fulfilment operations grew 6.1% to £108.4m.
The year saw Clipper launch its next day Click and Collect service with John Lewis, which allows customers to order goods online and collect from Waitrose stores.
A trial period saw the service offered in 115 Waitrose stores this year but, as it was a success, Clipper intends to have rolled out the service to every UK Waitrose store by the close of the summer.
Clipper said it is now in talks with other customers who may wish to use its Click and Collect offering.
The group’s pre-tax profit grew by 38% to £13.1m (2015: £9.4m).
The year also saw Clipper commence work on contracts it won in 2015 with Pep&Co, Haddad, and Zara, as well as winning new customers Browns, Kidly and M&Co.
Great start
Executive chairman Steve Parkin said the current financial year, which will end 30 April 2017, had “started well with a pipeline of new opportunities”.
Since the start of the year, the group has won a new contract with jeweller Links of London and extended its work with John Lewis to include pre-retail and returns services.
Parkin said: “Our latest set of full year results reflects the confidence that our customers, both long-standing and new, place in our ability to provide services that allow them to consistently achieve their service proposition to their customers.
“Clipper's strategy of driving organic growth and seeking targeted acquisitions, whilst working with some of the UK's most recognised and respected brands, continues to drive shareholder value.”
