Revenues top £43m in record year for zero emission passenger vehicle firm
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Pelican Engineering Group, which partners with some of the world’s biggest vehicle manufacturers to supply commercial vehicles, coaches and buses, is continuing to perform strongly, seeing a year-on-year rise in turnover.
The company’s latest financial results for the year ending 31 March 2021, show underlying turnover grew by 9.3%, rising to £43.4m from £39.7m the previous year.
The 102 year-old firm also saw profit rise to £3.5m across the whole business, even amid the disruption caused by the pandemic.
While sales of passenger coaches suffered from the impact of the pandemic on the travel sector in 2020 as coach tour operators froze fleet investments, this was offset by the continued demand for DAF and MAN vehicles as well as the rapid rise in sales of zero-emission electric buses across the UK.
Pelican has adapted to advances in commercial vehicle technology, and is keeping up with the shift to zero-emission passenger vehicles. Its 160-strong team is commissioning and fitting out Yutong electric buses at the company’s Castleford workshops.
Richard Crump, managing director of Pelican Engineering, said: “Despite some major challenges to the UK and global economy over the last 18 months, as a third-generation family business we are in a strong position to deal with change.
“Fortunately, the momentum from local authorities and bus operators in the UK to move to zero-emission vehicles has continued to gather pace and our partnership to supply the world-leading Yutong vehicles has not been disrupted by the pandemic.
“We now have 50 electric buses in service nationally with this number rising to 201 by the end of 2021, making us the largest single-deck electric bus supplier in the UK this year.
“As the company goes from strength to strength, we are continuing to invest in our people with an ongoing training programme and we continue to invest in the recruitment of skilled engineers, tradespeople and apprentices at our Yorkshire base.
“We are also undertaking improvements to our facilities in Castleford to ensure we can continue to reliably and swiftly meet demand from Britain and Ireland’s transport providers as they transition to cleaner and more sustainable vehicles.”
Head of Pelican Yutong Bus, Ian Downie, added: “It has been another exciting year for Pelican as the UK’s local authorities and bus operators have turned to our Yutong buses, not only because they have less impact on the environment, but also because they provide a more comfortable passenger experience with no noise or vibration, as well as a long track record of reliability.
“In addition, operators are also recognising the benefits of enhanced driveability and best-in-market operating costs. With COP26 approaching fast, we are expecting this trajectory to continue into 2022 and beyond.”