Peter Green Haulage sees revenue and profits surge

Peter Green Haulage continued on its upward trajectory last year, with revenue and profits increasing significantly.

The Shepton Mallet, Somerset-based chilled and frozen food distributor shook off any issues arising from the Covid-19 pandemic and reported a £19.9m turnover for the year ending 31 December 2021.

This was a 17.7% increase on the previous year’s revenues.

Pre-tax profit also rose by 44% to £1.9m during the period, compared to £1.3m in 2020.

Operating profit increased to almost £2m from £1.4m the year before.

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• Profit hits £1m at Peter Green Haulage

The majority of the haulier’s revenue - £16.7m – was generated from within the UK, with £3.1m coming from European operations and £62,000 from the rest of the world.

The company, which holds a standard international licence authorising 80 HGVs and 80 trailers operating out of its Shepton Mallet base, said it had continued focusing on fleet utilisation efficiency and reducing high fixed costs during the trading period.

It added: “Management are optimistic that the continued focus on utilisation, strengthening key partners and improving volumes will continue to improve results.

“The Covid pandemic provided further opportunities for the company, particularly for the warehouse division with multiple new business enquiries received.”