Tuesday, August 4, 2020

Europa sets pace for logistics sector as turnover soars

Europa Worldwide Group, the independent logistics operator which has sites in Nottingham and Northamptonshire has witnessed record turnover and profit according to annual financial results for year ending 31st December 2018.

Turnover has increased by 25 per cent up from £144m in year ending December 2017, to £180m in year ending December 2018, while net profits have risen 62 per cent from £3.2m (2017) to £5.2m (2018).

Europa has been in Nottingham since 2014 and has a team at Colwick Quays Business Park as well as two warehouse sites employing 120 staff in Northants (Rushden and Grange Park) in Northampton.

Europa was acquired by Andrew Baxter (previously part of Nottingham headquartered RH Freight) in 2013. Organic growth within the business is running at 20 per cent, boosted in 2018 with new business wins across the three largest trading entities, Road, Warehouse and Air & Sea, supplemented by the acquisition of Continental Cargo Carriers (June 2018). The specialist full and part-load operator is one of the biggest players on the roll-on roll-off market between Europe and the UK, reporting annualised turnover of £20m.

Commenting on the results, Rob Ross, Finance and Corporate Services Director, at Europa Worldwide Group says: “The financial results clearly position Europa Worldwide at the forefront of the logistics sector and are testament to the dedication and hard work of Europa’s team across our four divisions – Road, Air & Sea, Showfreight and Warehouse.

“Year on year we are blowing our previous results out of the water. Europa is a strong and sustainable business with a well-financed and efficient operating model. We are ambitious and will continue this rapid pace of progress to drive the business forward.”

Andrew Baxter, Managing Director at Europa Worldwide Group added he was delighted with the results. He said: “2018’s results speak for themselves – despite a turbulent year for the logistics sector as a whole, Europa is winning with its determination to succeed and innovative approach. Going forward, investment in services, new partnerships, new offices and new members of staff are our priority.

“This year we have already celebrated a significant number of new business wins and acquired some of the trade and assets of Menzies Response to add to our growing portfolio. Furthermore, in a potentially unpredictable climate ahead of Brexit, we are on the front foot, having invested £2m into a reconfiguration programme of our Dartford HQ, 1Hub. This re-development has provided racking expansion and an extended transit zone in order to be Brexit-ready.

“Of course, our team is at the heart of Europa’s success, wrapped in passion and personality. I am deeply committed to investing in people, offering opportunity and bringing on board the very best. Looking to this year, I am excited to see the continued roll out of our Rapid Career Development Programme, providing bright and passionate young people with fast track roles and career plans.

“I also look forward to continued investment in our state-of-the-art IT system, Leonardo, driving efficiencies by providing customers with full trackability and management of their shipments, including our latest development LeoClear which will be instrumental in managing customs clearance during Brexit and beyond.

“With sector leading approaches and high-quality services, Europa is positioned at the frontline to thrive and deliver. This year is no exception and full of opportunity.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 lockdown having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.






Latest news

PLC’s infrastructure head moves to Nottingham firm planning for growth

Nottingham-based civil and structural engineering consultancy BWB says it is planning for growth after revealing a flagship hire from a major PLC. The former head...

IoD appoints Policy Voice Ambassador for the East Midlands

The IoD has appointed James Pinchbeck as Policy Voice Ambassador for the East Midlands. James is a partner with Streets Chartered Accountants, a mid-tier and...

Portfolio of Northamptonshire industrial properties snapped up in £10.4m deal

A portfolio of five industrial assets in Northamptonshire have been acquired by a £100m multi-let investment fund for a total of £10.4m. Managed by property...

Pride Park offices sold

On behalf of private clients, FHP Property Consultants has sold 12 Mallard Way, Pride Park, Derby. The property comprises a two-storey end terraced office building...

Breedon completes CEMEX acquisition

Breedon, the Leicestershire-based construction materials group, has completed its acquisition of certain assets and operations from CEMEX, as announced in January 2020. The Competition and...

Related news

Contractor appointed to reopen Broadmarsh walkway

Steps are being taken to reopen the Lister Gate walkway which connects Collin Street and Lister Gate through the Broadmarsh Centre in Nottingham. Immediately prior...

PLC’s infrastructure head moves to Nottingham firm planning for growth

Nottingham-based civil and structural engineering consultancy BWB says it is planning for growth after revealing a flagship hire from a major PLC. The former head...

IoD appoints Policy Voice Ambassador for the East Midlands

The IoD has appointed James Pinchbeck as Policy Voice Ambassador for the East Midlands. James is a partner with Streets Chartered Accountants, a mid-tier and...

Portfolio of Northamptonshire industrial properties snapped up in £10.4m deal

A portfolio of five industrial assets in Northamptonshire have been acquired by a £100m multi-let investment fund for a total of £10.4m. Managed by property...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close