Archbold Logistics, the Greater Manchester-based logistics and distribution specialist, has announced a record year, after it saw its pre-tax profit quadruple in 2021. Contributing to this success were the company’s investment in its fleet and staff, as well as staying focused on delivering a high quality service across multiple sectors.
According to its latest annual results to 31 December 2021, the company’s turnover leapt 49% from £16.8m to £25m, with the gross profit margin being maintained at 20% of turnover. UK turnover jumped to £18.5m (2020: £13.1m) in the period, whilst overseas turnover rose to £6.5m (2020: £3.7m). Meanwhile pre-tax profit came in at £1.7m for the financial year, a significant rise on the prior year pre-tax figure of £383,553.
Over the same period, the company’s balance sheet saw net assets increase to £3.2m from £1.4m in the previous reporting period. It hailed its performance as a “confident return” both during and since the Covid pandemic, which saw it achieve higher than expected figures in both turnover and profit in the period.
It also revealed that it had invested over £500,000 in upgrading elements of its fleet during the year and invested “heavily” in their nationwide teams, increasing staff numbers from 116 to 125 employees to help growth – which it said “continues into this financial year and shows no signs of abating”.
“We are delighted to be able to report such healthy financial figures and it shows a significant bounce back prior to the Covid period,” said Alan Maher, Archbold Logistics MD. “The financial performance of the company has resulted from our continued focus on delivering a high quality service to our customers of all sizes and across all sectors. It is also testament to the committed efforts of all our staff and colleagues over the last year.”
With a fleet boasting 144 trucks and 465 trailers, the logistics company that specialises in the retail, foodstuffs, automotive and paper markets, has depots all across the country, including at Manchester, Scunthorpe, Wolverhampton, Winsford and Middleton. Also a member of Palletforce, Archbold provides services in pallet distribution, contract logistics, distribution, consolidation services, express and global solutions. Moreover, the company also has a track record in dealing with challenging shipping requirements, including urgent deliveries and global consignments.
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