More investment for Secured Mail

POSTAL operator Secured Mail has attracted “significant new funding” from its private equity backer Next Wave Partners.
 
The Warrington firm said the cash would be used to support the expansion of its home shopping packet service, including investment in new machinery and new jobs at its sorting office in Northamptonshire.

Secured Mail, which has sales of £68m, handles around 650 million items but a deal struck in January with City Link should add up to 100 million more.

The business, in which Next Wave took a 40% stake in 2011, focuses on smaller items of post such as letters and packets. It manages the post of corporate clients through the sorting and distribution process and uses Royal Mail for final deliveries. Its customers include Amazon, American Express, Anglia Water and Centrica.

Chief executive Mark Bigley said: “Since the first funding from Next Wave in 2011, we have gone from strength to strength, investing in our people, technology and infrastructure to become one of the largest postal providers in the country.
 
“This new backing puts us in the perfect position for our next phase of development. We are committed to continued investment in the business to support our customers and provide the most reliable postal service in the UK.”
 
Stephen Walls, of Next Wave Partners, said: “The company is well-positioned to continue to capitalise on the opportunities in the growing UK e-commerce postal market and support UK businesses, who require a trusted operator with a reliable network to deliver their mail.”