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Insider UK
Insider UK
Technology
Peter A Walker

Logistics firm boosts revenue 21% to £35.6 million

CCL Logistics & Technology increased revenue by 21% to £35.6m in the year to 31 December 2022, from £29.5m in 2021.

The Troon-headquartered company is targeting revenue in the region of £45m in the current financial year, and continues to invest in its people and technology development, with more than £2.5m put into its Bellshill site during 2022.

Chief executive and founder Callum Bastock said: “The year-on-year investment we have made in our team, our technology, and an absolute focus on our target market has allowed CCL to grow strongly during the year.

“This is against an industry facing supply chain disruption due to changes in the behaviour of consumers, markets and the supplier base – the speed of change is forcing our customers to think differently.”

“In revenue terms, we are building on multiple years of double-digit growth, and increasing demand for our innovative technology from customers in the UK and Europe means we can be ambitious enough to target revenue in excess of £100m over the next few years.”

Over the last 12 months, CCL has added features to its transport management system, myCCL, a platform that gives customers complete supply chain visibility, managing each shipment from collection to delivery. Significant investment was also made in CCL’s sea freight service, and the company’s Greener Routes initiative, which enables customers to measure, manage and minimise CO2 emissions.

Bastock said: “Sustainability is paramount for our larger UK and European customers, and the CO2 emissions calculator embedded in our transport management system provides customers with a CO2 statement at the click of a button.

“We are helping to facilitate Scottish and UK export trade in a much more sustainable fashion, so we’re pleased to be playing a supporting role in terms of being a driver of economic impact.”

Since the beginning of 2022, CCL has added more than 15 people to its tech team in Bellshill - which now totals over 40 - with overall headcount across the group at 120.

The company expects to complete a further acquisition by the fourth quarter of this year.

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