Posted 17th May 2022
We’re delighted to announce our 2021 year-end results, which show a 63% rise in turnover from £19m in 2020 to £31m, with a record post-tax profit of £1.3m, significantly beating expectations. In December 2021, we reached 100 employees for the first time, and expect to grow by another 60 by the end of 2022.
Peter Isler, our Managing Director says: “We are delighted with our continued growth in what has been a transformational year for Baxter Freight. This was made possible by the dedication of our team, who have gone above and beyond to support our customers on this journey, working hard despite the complexities of Brexit and Covid-19.
“Alongside signing several multimillion-pound deals with household brands, we announced improved services for all transport modes, including becoming the UK sales partner for DHL Freight and for Gerlach Customs, plus gaining our IATA accreditation for our fast-growing airfreight division.”
The first quarter of 2022 has brought elevated success, with turnover up 40% on Q1 2021, and the number of consignments up 55%. We also restructured our team to allow closer relationship management for our customers, supporting both large and small accounts.
We’re also excited to reinvest our profits back into the business, including both a digital transformation project, and developing all our people. Over the summer we’ll be promoting up to 10 roles into management positions to facilitate our growth.
Lorraine Sutcliffe, HR Director, says: “We’re on an exciting journey with recruitment, expanding across all our teams, and promoting our experienced people to create layers of support throughout the business. As we aim to recruit a net increase of 60 people by the end of the year, taking us to 160 employees, it’s important we reinvest in our people, through a variety of ways from training schemes to wellbeing support. By putting the effort in now, we’re in a great place to become recognised as one of Nottingham’s best employers.”
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