• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Bedfordshire
  • Milton Keynes
  • Northamptonshire
  • Awards
  • Knowledge Hub
  • Contact Us
  • About Us
    • Sustainability
    • The Podcast
    • ATB TV
All Things Business

All Things Business

First For Local UK Business News

  • Education
  • Professional Services
    • Legal
    • Finance
    • Recruitment & HR
    • Creative Marketing
  • Property
  • Environment
    • Wellbeing
  • Industry
    • Industry
    • Manufacturing
    • Motors
    • Logistics
    • Technology
  • Events
    • Events
    • Food & Drink
    • Sport
  • News

Logistics firm sees turnover pass £200m

Logistics | August 28, 2020

Logistics firm sees turnover pass £200m
Andrew Baxter - Managing Director at Europa Worldwide Group

Andrew Baxter – Managing Director at Europa Worldwide Group

Ambitious independent logistics operator Europa Worldwide Group which recently opened a state-of-the-art site in Corby has revealed its results for year-ending 31st December 2019, showing another 16.5% growth with a record turnover of £205million.

These figures show that Europa has succeeded in achieving the target it set 12 months ago to exceed the £200million mark.

Europa Worldwide Group has six divisions – Europa Road, Europa Air & Sea, Europa Showfreight, Europa Warehouse, Europa Contact Centre and Continental Cargo Carriers and has featured in The Sunday Times Top Track 250 for two years running. In addition to Corby, the business has five sites across the East Midlands at Colwick Quays in Nottingham, Express Park in Rushden, Grange Park in Northampton, and Osberton near Worksop.

In 2019 Europa’s turnover increased from £176million to £205million – a £29million increase – and net profit before tax increased to £6million from £5.2million in 2018.

The business, which has just opened a £60million future-proofed 715,000 sq ft state-of-the-art, 3pl logistics facility in Corby has also reported an increase in its net assets, which now stand at £12.9million compared to £8.4m in the preceding financial year. 2019 saw a year of huge investment by Europa – including the acquisition of part of the assets of Menzies at the start of the year. This included Menzies’ warehouse based in Rushden, and its PCI compliant contact centre based in Ashford, Kent, from its parent company, Menzies Distribution, to strengthen the Europa Warehouse division. Other investment during the period included £250,000 on refitting its Birmingham site as part of a company-wide estate improvement. The business also invested hugely in Brexit preparations, including over £2m in its Dartford transit warehouse to increase racking capacity by 75% .

Europa has continue to invest in its systems including further developments in the bespoke IT system “Leonardo” which continues to expand and will eventually provide a fully harmonised system for every aspect of the business’s operations. Utilising the latest technologies, this sophisticated system provides in-house control to improve responsiveness, efficiency, productivity, and scalability. Europa has already launched 10 different Leonardo modules deployed across the operation from road freight to finance.

“I am really happy with the results from 2019. We anticipate that this year will be a different picture with limited or modest growth due to the pandemic, but we are highly optimistic for 2021 and march on towards our target of achieving £400million turnover.”

Finance Director at Europa Worldwide Group Adam McBride said: “The 2019 results are our best yet and show a really positive, solid year of growth for our business across all divisions. This has enabled us to continue investing throughout the business and across teams, which will allow us to continue this fantastic growth and meet any challenges head on. “2019 saw us add two more sites to the group as well as increase the head count to support the progression of the business, so we are happy with the figures.” Managing Director at Europa Worldwide Group Andrew Baxter added he was pleased with the figures for last year, but his focus is on driving the business successfully through the impact of COVID-19. Andrew said: “The growth in 2019 was a result of the great team we have as well as our continued dedication to providing the best, most efficient services for our customers. This enabled us to win new business across the divisions and I am very proud of what we have achieved.” Europa Worldwide Group has continued to operate all of its services, across all divisions as normal throughout the pandemic with staff, where possible, working remotely. The company refused to add COVID-19 surcharges to it services or reduce any of its operations. He said: “From March onwards we, like every other business, were hit by the effects of the coronavirus pandemic but I believe we have weathered the worst of it pretty much intact, as well as opening our new Corby site on schedule which is a massive success. Our ongoing investment in technology has certainly paid dividends this year.”


For more information visit www.europa-worldwide.com

Northamptonshire

Related stories

  • Windfall tax on energy companies: Chancellor and business secretary need to stand their ground against the windfall tax siren calls – MHA comments Northamptonshire
    May 23, 2022

    Windfall tax on energy companies: Chancellor and business secretary need to stand their ground against the windfall tax siren calls – MHA comments

    Following the growing calls to impose a windfall tax on the profits of energy companies, to address the cost of living crisis,…
  • Howes Percival Northamptonshire
    May 17, 2022

    A trio of new partners in East Mids among five senior promotions

    Leading regional law firm, Howes Percival has announced five senior promotions in the East Mids, including a trio of new partners, Katherine…
  • Northampton High Northamptonshire
    May 9, 2022

    New Head for Junior School at Northampton High School

    Emily Hair, new Head of Northampton High’s Junior School and Nursery, brings broad primary and Early Years experience, most recently in post…

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Stay up to date on All Things Business

Subscribe to our monthly newsletter to receive the latest business news.

Online Edition

Northamptonshire edition, click here
Milton Keynes edition, click here
Bedfordshire edition, click here

Most Read

  • Howes Percival A trio of new partners in East Mids among five senior promotions
  • centre:mk Centre:mk welcomes brand new Ted Baker store to Milton Keynes
  • Windfall tax on energy companies: Chancellor and business secretary need to stand their ground against the windfall tax siren calls – MHA comments Windfall tax on energy companies: Chancellor and business secretary need to stand their ground against the windfall tax siren calls – MHA comments
  • Workplace Wellbeing Why It's So Important Workplace Wellbeing: Why it’s so important
  • MPs celebrate city status announcement MPs celebrate city status announcement

Footer

REGIONS

Northamptonshire
Milton Keynes
Bedfordshire
 

COMPANY

About Us
Contact
Awards
Podcast
Knowledge Hub
Sustainability
Request A Copy

Northamptonshire Office

1 Queensbridge, Northampton
NN4 7BF
Tel: 01604 267677

Milton Keynes and Bedfordshire Office

The Pinnacle, 170 Midsummer Boulevard, Milton Keynes,
MK9 1BP
Tel: 01908 030688

London Office

25 Bedford Square
London
WC1B 3HH
Tel: 0208 1760176

Follow us on

  • Facebook
  • Instagram
  • LinkedIn
  • Twitter

All Things Business is a publication produced by All Things Management Ltd. Registered in England No. 9590677


Privacy Policy