- 18 November 2020
- Transport / Logistics Services
UK courier network APC Overnight has reported 18.2% growth in financial year 2019/20 with gross profits of £18.5 million.
The company has invested heavily in its infrastructure. APC Overnight has expanded its sorting capacity at its Cannock hub as well as growing its business in ‘Fragile & Liquid’ delivery service – largely craft gin and beer.
As part of its growth plans, the courier network has changed its ownership structure to allow shareholders to invest more in the business and for all depots to have a share in the business – all employees with more than 10 years’ service with the company will have share options too.
Jonathan Smith, Chief Executive at APC Overnight, said: “As we celebrated 25 years, the restructure allowed us to embrace one of the founding principles of the business – to offer all involved in the company an opportunity to partake in the ownership of the company.
“APC Overnight prides itself on the experience and knowledge of its long-serving employees, which sets it apart from competitors and is essential for maintaining the outstanding levels of service for which it is known amongst customers. This restructure recognises the important contribution of our people, creating opportunities for them that lay solid foundations for their future with the business.
“The initial impact of the pandemic, quickly resulted in increased demand for parcel services, driven by consumer e-commerce activity and the preference for home delivery. Across the business we have seen a notable shift in purchasing habits, with B2C previously making up around 50% of all deliveries, and today making up around 75%.
We anticipate that this preference will remain the norm for the foreseeable future and our role is to support our SME customers by recognising these changing dynamics of consumer behaviour and ensuring that our customers have access to their communities as they prepare for a further surge in online shopping.”
Currently APC Overnight is working hard on the peak season with Black Friday next Friday and many flash sales beginning on the coming weekend.