Full-service logistics provider Unipart Group has reported that operating profits before interest and taxation doubled to £9.5 million over the 12 months to the end of December 2010.
Turnover for the business’s continuing operations was £1.13 billion, compared to £1.09 billion one year before, while group operations generated £8.9 million in cash - £7 million of which was reinvested as capital investment.
During the course of the last year Unipart also played a significant role in creating and maintaining retail jobs in the UK, thanks partly to extended partnerships with companies like home & DIY retailer Homebase and online fashion house Asos.com.
Some 200 jobs were secured at Unipart’s Cowley site earlier this year when the group extended its distribution partnership with Homebase for another 12 years, while 1,000 jobs are set to be created when its Barnsley-based purpose-built fulfillment centre for Asos is operational.
Unipart’s role in boosting employment levels during 2010 was accompanied by a commitment to its own staff through various training schemes and employee initiatives.
Commenting on the company’s performance over the 12-month period, CEO John Neill said: “Overall the group has seen very encouraging performance and growth against a fragile economy this year.
“This can be directly attributed to the company’s continued commitment to engaging employees at every level of the business in the ‘Unipart Way’ through activities such as our ‘Gate to Great’ development programme.
“We have also invested in our growing number of teaching sites, which have also enabled us to develop our own people and offer unique training facilities to our clients.”