Delivery firm gives staff chance to own company
The APC, the Staffordshire-based delivery network, has announced an ownership restructure after landing a funding deal with Barclays.
The deal sees The APC give each of its depots the opportunity to own a part of the company. The restructure also allows employees of the company to become shareholders.
The company, which recently celebrated its 25th anniversary, had a successful 2019, with 3.5% year-on-year growth in turnover to £109m, and a profit of £15.6m.
Jonathan Smith, chief executive at APC Overnight, said: “This ownership restructure unlocks a whole range of opportunities for The APC, enabling us to build on our unique strengths, continue our commitment to better serve the UK’s SMEs, and further develop our existing relationship with Barclays. In focusing on the future, we are keeping our customers and people at the forefront of plans.
“Over the last 25 years, our dedicated network of depots across the UK has been the driving force behind our success. Giving our depots the opportunity to become shareholders celebrates the key role they play in enabling our services as the only carrier exclusively focused on serving the needs of SMEs. This unique position in the marketplace is a source of immense pride for us, and something that we will continue to deliver over the next 25 years of The APC.”
Andy Mayne, relationship director at Barclays, said: “Having supported APC over the last 12 years we are delighted to continue to be their funding partner for the next phase of their growth, building on the foundations of an already successful business model.”
