Palletforce profits slide despite rising revenues


 

Revenues at Palletforce increased by GBP10m last year thanks to growth in UK pallet volumes, online commerce and working with its stablemates in the EV Cargo group. Accounts for the year ending 31 December 2021 showed that the UK and European distribution network reported a turnover of GBP147.1m, up 7.7% from 2020’s GBP136.6m. However, profit before tax reduced by 16% to GBP9m.

Palletforce COO Mark Tapper said revenues were also boosted by growth in its corporate accounts and also additional […]


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