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Pallet-Track identified in London Stock Exchange’s ‘1000 Companies to Inspire Europe’

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UK logistics business, Pallet-Track, has been identified as one of the London Stock Exchange’s ‘1000 Companies to Inspire Europe’.

The 2017 report from the London Stock Exchange Group, published this week, is a celebration of the UK’s fastest-growing and most dynamic businesses across Europe in the last three years.

To be included in the list, companies needed to show consistent revenue growth that significantly outperforming their industry peers.

Pallet-Track, the only pallet network to be included in the prestigious listing, has demonstrated consistent year-on-year growth since it was founded in 2004, even during the years of economic downturn.

The £85 million turnover business, which comprises 90+ member companies, handles an average of 13,000 pallets per night at of its 270,000 sq ft hub in Wolverhampton and has never lost a single consignment, despite more than 20 million consignments flowing through its facilities.

The company recently opened a brand new northern hub in Wigan, Greater Manchester to complement offerings in Scotland, the Midlands and Welwyn Garden City.

Founder and Managing Director Nigel Parkes puts down to excellent service levels and commitment to the expanding Pallet-Track membership.

“This is a fantastic recognition that highlights the hard work and determination of the business over the last 13 years,” he said.

“We have significantly grown the membership in with four new businesses – Horley, Firmin, Woodside and this week, Kammac - joining the network in the last year. All have said that it is our attention to detail and customer service that have been deciding factors for them in.

“This is all part of a strategy of year-on-year double-digit growth – a sustainable expansion which has included a long-term partnership that opened up our European market.

“This is a considered strategy built around our people and our core values. Our staff retention is extremely high and we only enter business arrangements that make economic sense to Pallet-Track’s long-term goals. This often means not being first to market, the cheapest offer on the table, and sometimes having to walk away from contracts that are not sustainable to our business model. But this approach has proved successful in delivering strong growth and a clutch of prestigious industry awards, including this latest accolade from the London Stock Exchange Group.”

Xavier Rolet, chief executive, London Stock Exchange Group, said: “Companies such as Pallet-Track form part of our vibrant elite community. As Europe returns to economic growth companies such as Pallet-Track are proof of all that Europe has to offer.”

A full searchable database of all of the companies can be found online at www.1000companies.com.


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