The Delivery Group is celebrating a 61 per cent increase in turnover after announcing sales of £200 million for the year ending 31st December 2016, beating 2015's £124.1 million.
The private equity-backed Group, which comprises post and parcel businesses Secured Mail and CMS Network, successfully joined forces with international e-commerce specialist P2P Mailing in October 2016 to create one of UK’s largest e-commerce and specialist mail delivery groups.
P2P’s own innovative and rapidly growing TRAKPAKTM solution, which offers full international tracking from dispatch to receipt to over 200 countries, was a key reason for the attractiveness of P2P to the Group. The Group is now forecasting another significant year of growth to a turnover of £235 million in 2017 as all parts of the Group continue to innovate and grow.
Despite difficult market conditions triggered by Britain’s decision to leave the EU, the Group – which includes leading businesses such as The Hut Group, Screwfix and Morgan Stanley among its clients – managed to buck market trends, handling over 500 million items of mail, with international mail and e-commerce services being the most significant growth areas.
The Delivery Group Chairman Paul Carvell commented: “Joining forces with P2P Mailing has been a major coup for the Group and one that enables us to offer our 850-strong client base a truly holistic e-commerce and specialist mail delivery service. The influence of e-commerce on the future of distribution cannot be underestimated; last year alone it contributed £133 billion to UK GDP, so joining forces with P2P now makes us the provider of choice for specialist mail deliveries and domestic and international e-commerce.”
Private Equity fund managers Next Wave Partners LLP, have backed the Group’s transformational growth story from c.£30 million of sales when they first made their initial investment in Secured Mail in 2011 through to £200 million* in 2016. The Delivery Group’s investments in class-leading cloud solutions, automation and data tracking technologies have ensured that they continue to lead the way on innovation and customer solutions, which has been recognised by several prestigious awards during the year for example, CMS Network was named among Europe’s most inspirational companies by the London Stock Exchange and the Group entered the Sunday Times Top Track 250 for the first time.
Paul Carvell concluded: “Having continued our rapid growth in the face of market uncertainty in 2016, we’re expecting to accelerate our sales performance even further in 2017 due to further investments in leading edge technology to deliver excellence in customer service in addition to unlocking cross selling opportunities. Between us, we have exceptional products, knowledge, experience and the infrastructure to establish The Delivery Group as the leading force in distribution and delivery.”