A Midland parcel delivery company with the largest network in the UK has reported pre-tax profits of £4.42 million for the 2011/12 financial year.
Cannock headquartered APC Overnight saw a 30.4 per cent rise in pre tax profits on the previous year and also saw turnover grow by 13.5 per cent to £65.76 million.
APC Overnight’s network is made up of 115 member depots and the business says that this co-operative approach is key to its success.
Chief executive Syed Ziaullah said: “Each depot is run independently by individual courier companies connected into a strong managed system, which ultimately encourages entrepreneurial spirit.
“These results really are a reflection of the huge surge in customer demand seen right across the business during the last financial year.
“We pride ourselves on delivering the best service in the business and this is reflected in our loyal customer base and upsurge in new business enquiries.
“Many of our local member depots have expanded their operations to keep up with growing customer demand and on a national level, we are well on the way to doubling the capacity of our national sortation centre in Cannock, with construction of our second hub now well underway.”
APC’s new sortation centre is due to open in spring 2013 and will have the capacity to process 200,000 parcels every night.