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ACS&T Logistics announce 14% growth for 2011

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ACS&T Logistics announce 14% growth for 2011

May 14
16:23 2012

Temperature controlled logistics specialists ACS&T have announced their latest figures and demonstrated the success of their management strategies with significant growth and a return to profit.

ACS&T, which provides supply chain solutions to the food industry, operates nationally from key locations at Wolverhampton, Tewkesbury, Scarborough and Grimsby and is celebrating a healthy 2011 following a raft of business wins and the growth of existing contracts.

Managing Director Malcolm Johnstone says, “Following a challenging 2010, it’s an endorsement of the commitment of the business and our customers to see the profitable growth we predicted last year come to fruition. Strategic investment in the business and new contracts with companies including Ideal Foods and Coldwater Seafood, as well as the significant extension of a number of existing deals, has allowed ACS&T to thrive and we are able this year, to announce we are once again in profit.”

The company have seen turnover increase from £16.4 million in 2010 to £18.7 million in 2011 and pre-tax profits increase by an impressive £1.2 million. Malcolm Johnstone says, “I believe the quality of the services we offer is the driving force behind the new contract wins, and the extension of existing deals with long-term trading partners, including a five-year contract with 3663, has helped strengthen our business and allowed us to grow. Our balance sheet remains strong and continues to be cash-generative. Further cost-saving initiatives and considerable investment and improvements to our foodservice offer have allowed us to attract new business and increase turnover while remaining competitive, and next year we expect even more success.”

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