Strong growth at Panther

Two man delivery and warehousing specialist Panther Warehousing has reported a 30% growth in annual turnover to £38 million.

Panther Warehousing has released a statement that said like-for-like sales had gone up by 70% this year, and predicted that the next year end turnover could hit £55 million and the company has its “sights firmly set on achieving a turnover of £100m by 2020″.

The company attributes its growth to its investment programme and the launch of a number of new services. These include the ‘Solo’ one man delivery service, the introduction of a two hour delivery window for customers, late cut off times, Sunday deliveries and a Sunday collection for Monday delivery.

Colin McCarthy, Managing Director of Panther, commented: “This has been an incredible year for Panther and one in which we have enjoyed unbelievable growth as more and more customers have embraced our service offering.

“These record results are a testament to the company’s ongoing commitment to deliver a best in class service and continuous innovation enabling us to stay ahead of the competition.”

The specialist delivery firm has added that it is to reveal a number of new innovations and company acquisitions in the coming months. These include a potential acquisition in the warehousing and storage sector, a £1 million investment in IT and a drive to increase its workforce by 50%.

The company also intends to further extend its footprint by increasing its number of depots to 10 by 2018 with plans in place to open a further five depots by 2020.  Furthermore, there are plans to invest in new vans.
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