Logistics company Pallet-Track has seen its operating turnover increase to more than £100m despite an ‘uncertain’ economic climate.
The pallet network has reported a turnover of £105.4m for the 12 months to 31 January 2020, up from £94.5m, although its pre-tax profits were down from £5.1m to £3.5m, over the same period.
A spokesperson for Pallet-Track said: “The current Covid-19 crisis has introduced material uncertainty into the economy and there is a risk that both existing customers and potential new customers will reduce their levels of activity going forward.
“Although there was an initial impact on sales volumes in the two months of lockdown, activity levels have already increased and are currently exceeding the original forecast.”
Nigel Parkes, Founder and Managing Director of Pallet-Track added: “The fact our activity levels have not just recovered but actually increased compared to pre-pandemic levels is a testament to the hard work of everyone connected to Pallet-Track.”