Preliminary Results for the 12 months to 31 December 2005
DATE: 27th March 06
Business Direct Group (BDG.L), the specialist provider of logistics solutions to the field services engineer market and developer of the ParcelXchange intelligent locker distribution system, reports its Preliminary Results for the 12 months ended 31 December 2005. Business Highlights
- ParcelXchange daily revenues grew 200% in the year
- ParcelXchange occupancy levels rose to 39% compared to 35% in 2004 on an increased ParcelXchange base of 279 sites, containing 3,900 lockers (2004: 195 sites and 2,700 lockers)
- Sales team increased to 15 people
- A number of new contracts with blue chip customers have been secured during the year including Exel, Leisure Link and Bayer
- The acquisitions in the year of the Concord courier businesses and ANC’s field service business have been fully integrated into the Group
- Group Turnover increased to £13.5 million (2004 £3.8 million)
- ParcelXchange turnover increased to £1.7 million (2004 £0.4 million)
- Gross profit rose to £3.7m (2004 £1.1m)
- Additional £1.4m raised in October 2005 through a placing to assist with the roll out of ParcelXchanges and the investment made in integrating the acquisitions.
Commenting on the Preliminary Results, Tim Houstoun, Chief Executive, said: “2005 has been a very important year in our development. We have continued the roll out of the ParcelXchange intelligent locker distribution system, and the acquisitions made in the year have enabled us to offer full service logistics solutions to the field service engineer market."
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.
