Monday, June 13, 2011

Bibby Distribution Reports Another Years Profit Growth On Logistics Activities

Third Year for Supply Chain Specialists
Shipping News Feature

UK – Liverpool-based Bibby Distribution has reported a third consecutive record trading year following the release of its latest company figures. Profit before tax for 2010 was up by 21 percent to £7 million on a turnover of £230m. This compares to figures of £5.8m and £185m in 2009. The company states that they believe that this success has been achieved by: "focusing on its core strengths and by aligning its strategy with customers' long-term aspirations”.

Iain Speak, Chief Executive Officer of Bibby Distribution, says the company's strategy for growth encompasses a far wider agenda than the three major acquisitions made in 2010.

"The figures are representative of a strategy that really keeps our customers as a primary focus. The acquisitions of Taygroup, TM Logistics and MRS Distribution have obviously increased our turnover, but they are part of a strategy to improve our infrastructure and broaden our range of services which enables us to create incremental value for our customers.

"By adopting this approach we have won close to £70 million of annualised new business over the last three years. A significant amount of this has been awarded by existing customers who rely on us for tailored solutions," he said.

Over the last 12 months Bibby has acquired a number of former rivals and absorbed their business, as well as doubling the size of their road haulage fleet. The company now operates from 100 locations across the UK and employs 2,000 people.