Logistics platform Fulfilmentcrowd has reported a significant milestone with record revenues of £17.4 million for 2024, driven by international expansion.
- The company’s revenues increased by 23% year on year, attributed to strong performance in Germany and the USA, contributing 22% of the group’s turnover.
- EBITDA has impressively doubled to £1.7 million, signalling robust operational efficiency and financial health.
- Plans are underway to open new warehouse locations in Australia and the Republic of Ireland, aiming for revenues exceeding £20 million in the upcoming year.
- Leadership expresses confidence in sustained growth as new customer acquisitions add an annual contract value of £3.5 million.
Logistics platform Fulfilmentcrowd has charted a successful trajectory, achieving record revenues of £17.4 million for the year 2024. This notable achievement stems from robust growth initiatives primarily focusing on expanding its international arms, particularly in Germany and the USA. These subsidiaries have been instrumental, now accounting for 22% of the company’s total turnover and showcasing the firm’s strategic global outreach.
The firm’s revenue saw a commendable 23% year-on-year increase. Alongside this growth, EBITDA has doubled, reaching £1.7 million, reflecting Fulfilmentcrowd’s strengthened operational capabilities and fiscal discipline. Such figures underscore the company’s effective execution of its revenue enhancement strategies and the optimisation of its resources.
Looking ahead, Fulfilmentcrowd has set ambitious plans in motion to bolster its infrastructure by establishing new warehouses in Australia and the Republic of Ireland. This geographical expansion is designed to facilitate an anticipated surge in trading for the first half of FY25, with forecast revenues expected to surpass £20 million. These strategic developments aim to enhance the company’s market presence and operational capacity on a global scale.
CEO Lee Thompson remarked on the company’s achievements, emphasising the pivotal role of its strategic approach and the proficiency of its team. The CEO highlighted the platform’s unique operating model that supports cross-border growth, thereby amplifying customer value and creating significant shareholder returns. The commitment to further invest in workforce and technological advancements remains at the forefront of Fulfilmentcrowd’s agenda to ensure superior service delivery.
Chief Financial Officer Jon Davies praised the firm’s strategic execution, noting that the success of a new customer acquisition strategy further boosted confidence for future growth. The addition of new clients, with contracts valued over £3.5 million annually, signals a promising outlook for the company as it steps into the new financial year. Fulfilmentcrowd’s ongoing investments in its network and operational processes have considerably elevated its service capabilities, supporting a substantial global warehouse network.
Fulfilmentcrowd’s strategic growth initiatives and financial results indicate a promising future, setting a strong foundation for continued success in the global logistics sector.
