Whistl UK profits down £4.7m but turnover climbs


 

Whistl UK reported a £4.7m pre-tax loss in 2019 as it battled to remain competitive in the parcels and Downstream Access (DSA) markets as start-up inefficiencies racked up at its Bedford ‘super hub’. However, group revenues rose by 12.6% to £635m for the year ending 31 December 2019 and it enjoyed a 22% increase in turnover in its parcels and international divisions. During the period the company opened a new hub in Bedford for mail and parcels and it said […]