Baxter Freight reports revenue increase at half-year point
Baxter Freight will continue its recent recruitment drive after reporting an increase in revenues at the half-year point.
The Nottingham UK-based logistics firm saw revenues reach £12.9m in the first half, up from £7.7m a year ago. For the full year, the company expects revenues to reach £28m against £18.m in 2020.
The company said that by the end of the year it will employ more than 100 people for the first time and it plans further recruitment, including within its forwarding business.
“Baxter Freight is now progressing its Fast Forward growth plan, projecting turnover of more than £35m by the end of 2022, helped by employing an additional 50 people,” the company said.
“Further developments include investing in its Air and Sea teams, reflecting the UK Government’s policy of developing overseas trade,” the company added. “This move, coupled with the newly founded around-the-clock, 24/7 Customs Support team developed for Brexit, has doubled the number of people in operations roles since December 2020.”
Peter Isler, managing director, said: “While the pandemic caused unexpected delays to our Fast Forward plans, we’re delighted to see not only the recruitment drive, but also our predicted figures coming back to life as we bounce back bigger and stronger than before.”