UK Mail chief executive Guy Buswell has said the company will be investing in its depot network and automated sortation equipment after delivering an18% uplift in pre-tax profit. The firm’s latest figures, published today, revealed that group turnover was up 10% on the previous year, while pre-tax profit was up at £17.8m for the year ended 31 March 2013 (2011/12: £15.1m). Parcel volumes grew by 21% in the second half of the year, taking the total annual growth to 17% […]
Advanced Processing, which trades as Advanced Supply Chain, took another step towards its target of £100m turnover by 2016, after a revealing a 57% rise in its most recent financial year. For the 12 months ending 30 June 2012 turnover rose to £28m, from £17.5m in the previous 12 month period. The garment processing specialist also increased its profitability, revealing a pre-tax profit of £1.1m compared to £508,333. In setting its £100m target for 2016, the Bradford-based operator has stated […]
First quarter daily parcel volumes were up 10% at UK Mail, but the firm expects growth to slow this year as it nears capacity.