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APC Overnight announces £3.4 million pre-tax profit

APC Overnight has increased pre-tax profits to £3.4 million for the 2010-2011 period. The company also announced that revenues have grown by 10.34 per cent and turnover is almost  £58 million. The outstanding performance is due to a number of important factors. These include industry leading delivery performance and customer service, together with the unique personal service approach, which has expanded business at a local level and is helping SMEs to lead the UK out of recession. APC's Handled with Care services is also helping fresh produce, wine and food companies extend their reach nationwide. 

All of the above activity has been supported by consistent hard work, and efficiency and cost saving improvements made throughout the APC network of over 120 branch offices and its regional hubs and midlands HQ. 

"This is another successful year for APC Overnight, despite the continuing faltering of the UK economy in general we are seeing good growth and our customers also appear to be bucking the trend. Each of our depots has worked hard to sell and demonstrate the benefit of using APC to their customers and this is paying off with the continual growth we see across the network. Our turnover has grown and we have achieved over 25 per cent  growth in gross profit. Profit on ordinary activities before taxation was £3.4 million, compared to 2010's figure of just over £2 million," said Ivor Skinner APC Overnight MD. 

"Our success is the result of a team effort  involving every APC depot. The results have been largely due to a continued focus on sales and costs. Everyone has worked - and continues to work - hard on driving efficiencies and growing the business across the UK. By pulling  together, APC is providing the best service possible at depot and hub level," adds Mark Fletcher, the company's Finance Director. 

Each month APC collects, routes and delivers more than 1.4 million parcels. Due to the ever-expanding business APC Overnight will embark on building a new purpose built multimillion pound hub soon. The new 128,000 ft2 midlands sortation hub will have more than double the capacity of the existing site in Essington. 

 

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Article published by Midlands Business News on 20 October, 2011

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Articles submitted by APC Overnight:



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  • APC Overnight appoints Syed Ziaullah as new CEO - click to read
  • APC Overnight MD Ivor Skinner retires and leaves an enduring legacy - click to read
  • APC Overnight passes 100,000 parcels a night milestone in time for Christmas rush - click to read
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  • Wolverhampton's APC drives rapid growth at Filter Fit - click to read
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  • Wolverhampton based firm APC Overnight expands in south-west England - click to read
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  • Wolverhampton based firm APC Overnight appoints Steve Salt as Head of Sales - click to read
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