Hermes has launched a new service, called Postable, aimed at SMEs sending small items that will fit through a standard letterbox.

The parcels firm said the new service is "one of the lowest priced services on the market" and has the added benefit of ensuring "an almost guaranteed first time delivery rate" as the recipient does not need to be home.

Postable forms part of Hermes' strategy to provide a range of services that benefit both businesses and consumers.

It is available for business account customers who have a dedicated regular collection, send more than 150 items a week, and is fully trackable.  Prices start from £1.80 excluding VAT. Items will need to be no more than 23cm wide, 35cm long and 3cm deep, but at least 1cm deep.

Postable is also available for consumers using the Hermes Send service and is the subject of a campaign called #SendMoreLove, which encourages people to show others they care with a personalised and thoughtful gift. Consumers will pay £2.26 including VAT.

Martijn de Lange, CEO of Hermes UK, said of the new service: “This latest product launch further expands our UK offering to enable more customers to access a premium service that doesn’t cost the earth.

"Postable is a big step forward for Hermes as we become the consumer’s carrier of choice and we’re pleased that our business customers can now also benefit from this diversity in parcel size and low pricing.”