Turnover at a private equity-backed logistics company has jumped past the £100m mark, according to new figures.
Wolverhampton-headquartered Pallet-Track has reported a turnover of £105.4m for the 12 months to 31 January 2020, up from £94.5m.
However, its pre-tax profits dipped form £5.1m to £3.5m over the same period.
The results come after a controlling stake in the business was acquired by a private equity investor towards the start of 2019.
Pallet-Track also has bases in Wigan, Hailsham in Sussex and Welwyn Garden City.
A statement signed off by the board said: "The current Covid-19 crisis has introduced material uncertainty into the economy and there is a risk that both existing customers and potential new customers
link source - Insider Media