Logistics platform delivers strong results
Global logistics platform fulfilmentcrowd has posted record revenues for 2024 while reporting strong first half trading for the first half of 2025.
In the year ending 31 March 2024, the Lancashire headquartered tech company recorded revenue of £17.4m, up 23% year-on-year.
It said that 22% of group turnover was generated by its international subsidiaries in Germany and the USA, representing a 37% increase on FY23. EBITDA also doubled over the previous year to £1.7m, with strong cash conversion generated from operations.
With a global network of centres and more than 6.6million items shipped through its platform, fulfilmentcrowd helped over 250 high-growth omnichannel brands compete in international markets during the year. Activity in the health and wellbeing sector was particularly buoyant, the company said.
Jon Davies, CFO at fulfilmentcrowd, said: “The directors are pleased with the excellent trading and operational performance in the year as execution of its strategy has resulted in revenue growth, improved margin performance and cash generation. In FY24 the business was able to execute its new customer acquisition strategy that is focused on a premium value proposition.”
Chief executive Lee Thompson said: “The financial results are testament to the strength of fulfilmentcrowd’s strategy and the talented team delivering it. We are demonstrating that the platform and unique operating model drives customers’ cross-border growth and creates shareholder value. Building on this result, we will continue to invest in our people and platform to deliver best-in-class solutions for high-growth omnichannel brands.”
In the current financial year, the business has already secured new customers across all territories, with annual contract value in excess of £3.5m.
FY25 promises to be another strong year of progress with improved margins on forecast revenues in excess of £20m and new warehouse locations in Australia and Republic of Ireland being added to the platform.
