Nottingham logistics firm breaks £100m barrier
Logistics operator Europa Worldwide Group, which has a branch in Nottingham, is back in the black and has broken the £100m turnover barrier for the first time.
The firm, which is based in Rushcliffe Civic Centre in West Bridgford, has seen turnover leap to £116m – a £20m increase on the previous year, while profit before tax has increased to £2.3m from a loss of £1.6m in 2015.
Andrew Baxter, who bought the firm in 2013, said: ““Our annual results for 2015-2016 are very positive, given the complex process of restructuring which came before. We needed to make these changes in order for Europa to thrive in the future – but it wasn’t easy and there were many obstacles in our way.
“Yet we came out the other side and I’m extremely proud to say we are now stronger than ever before. Our separate divisions – Road, Warehouse, Air and Sea and Showfreight – are at the cutting edge of their sectors, innovating every day in order to offer the best possible service to our customers. I truly believe that by this time next year, we will be the leading operator for European goods distribution – a fantastic achievement which will be, as
always, thanks to the commitment, passion and vision of the brilliant people who work for Europa.”
Finance director at Europa Worldwide Group Rob Ross said: “We’re thrilled with the return to profitability which we’ve seen in the last year, with the business now in a healthy and positive financial position.
“Our success is no doubt a result of the bold decisions we made three years ago. We made the biggest single investment in Europa’s history when we opened our £30m 1hub in Dartford, which is the UK’s largest European groupage hub. We invested nearly £2m in completely overhauling our IT system by introducing our own, Leonardo TMS software, which was created in-house by our IT team. We closed some warehouses, and we reconfigured others, to ensure they were operating at maximum efficiency.”
Europa Worldwide Group employs more than 600 people across 11 sites in the UK and Hong Kong.
