Preliminary Results for the 12 months to 31 December 2004
DATE: 21st March 2005
Business Direct Group (BDG.L), the developer and operator of the ParcelXchange intelligent locker distribution system, reports its Preliminary Results for the 12 months ended 31 December 2004.Highlights:
- Admission to AIM in August 2004 which raised £3.5m gross
- Turnover £3.77m (2003: £3.27m)
- Gross profit £1.12m (2003: £903,000)
- Operating loss £1.05m (2003: £325,000) widened due to administrative costs associated with the set up of ParcelXchange.
- By year-end, 2,600 lockers in place at 195 ParcelXchanges locations, up from 2,300 lockers at 170 locations at end-August 2004
- Client base increased to include Siemens, Exel and TNT
- Three Concord companies and the field service business of ANC acquired since the year end
Commenting on the maiden Preliminary Results, Tim Houstoun, Chief Executive, said: "We have progressed further with our strategy of creating the critical mass needed to give the Group nationwide coverage. Our significant pipeline of new business and the acquisitions made since the start of 2005 mean that we are now well positioned to dominate the UK market in the provision of logistic services to field engineers. We are confident that the infrastructure is in place to take the Group forward to profitability."
For Further Information: Alison Brindley
Head of Marketing
Business Direct plc
T: +44 (0) 7962 649 629
E: alison.brindley@bdpx.com
| For Media Enquiries:
Alison Brindley,
Head of Marketing,
Business Direct Group plc
+44 (0)7962 649 629 or
+44 (0)1788 821 228.
alison.brindley@bdpx.com
For supporting text and image files:
Rachel Parry,
Marketing Executive,
Business Direct Group plc
+44 (0) 1788 821 235
rachel.parry@bdpx.com
|
Notes to Editors:
Business Direct Group is divided into three separate but complimentary divisions.
In-night division, which incorporates ParcelXchange, intelligent locker distribution system, and an in-boot service, where deliveries from as far afield as continental Europe are made through the night to engineers vehicles.
In addition to traditional same-day and next-day courier activities and warehousing facilities, Specialist division also provides time-specific two-man delivery solutions and technical plug and play services.
Finally, Business Direct has realised the unlimited potential of the ParcelXchange solution and formed a division to market this unique product on a Worldwide basis.
