Secured Mail toasts ‘excellent year’
SECURED Mail, the fast-growing Warrington-based postal services group has hailed an “excellent year”.
Its most recent filed accounts show the group grew turnover from £32.6m to £47.9m in the year to the end of July 2011.
Last December the business, backed by London-based private equity firm Next Wave Partners, was named as the second-fastest growing privately-owned business in the UK in the Sunday Times Fast Track Awards.
Operating profits for the group – including its main trading business Secured Express – rose from £593,000 to £1.1m, excluding bad debts.
In his business review, chief executive Mark Bigley said: “The group has continued its drive to invest in its people, its customers, its product and its underlying asset and technology base.
“This commitment and focus to delivering excellent services that our customer benefit from has enabled the company to thrive despite challenging economic conditions and increasing costs of service.”
Mr Bigley said the cost of the deal in January to buy the Down Stream Access Operation from DHL Global Mail, had yet to be determined, but said it “places the group as one of the largest postal operators withing the UK domestic market.”
He added: “Overall this has been another excellent year for the group and places it in a strong competitive position in a challenging market and economic environment.”
