Parcel carrier APC Overnight produced a pre-tax profit of £3.4 million for the 2010-2011 – up from £2m the year before. Sales were up ten per cent to £58 million.
Managing director Ivor Skinner said: “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.”
APC expects to start work soon on 128,000 sq ft hub in the Midlands which will have more than double the capacity of the existing site in Essington.