TURNOVER DRIVES TOWARDS 900M AT DPD

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Turnover has jumped towards £900m at Queen's Award-winning parcel delivery giant DPD, new accounts have revealed.

The business, which headquartered in Smethwick on the edge of Birmingham, has posted a turnover of £894.7m for the year to 31 December 2017, up from £806.1m in the prior 12 months.

The documents for DPD Group UK also show the company's pre-tax profits grew from £120.9m to £143.8m during the same period.

DPD operates from more than 40 locations across the UK and employs almost 2,000 staff.

The company's £100m hub in Hinckley, Leicestershire, is now fully operational while in June DPD relocated its Nottingham depot to a new 60,000 sq ft distribution centre, creating up to 209 new jobs.

A statement signed off by the board said: "The company has continued to offer excellent levels of service to its customers and the directors believe that it has grown its market share in line with its strategic objectives.

"The company will continue to place great strategic emphasis on achieving and maintaining the 'best customer service' available in the market place.

"The company has made plans to continue to grow market share and has put in place strategies and investment programmes to achieve this objective.

"The board believes that the company is well placed to deliver further growth of revenue and profit from both core products and from further value-added services.

"Growth in outbound international services was faster than that of domestic services.

"The company ended the year in a very strong financial position and the board believe that this position, coupled with the strength of its parent La Poste, puts it in a market leading position for future development."

The company started life in 1970 as Courier Express and was renamed Parceline in 1984 when it was acquired by Mayne Nickless of Australia.

It is now owned by French postal service La Poste, which bought the company in 2000, and in 2008 its name was changed to DPD.

DPD won a Queen's Award for Enterprise in the innovation category in 2015.