Business, Forwarding, Freight News

Baxter Freight sees profit surge

[ August 25, 2021   //   ]

Nottingham-based Baxter Freight has increased half-year turnover from £7.7m to £12.9m and is expecting an annual figure of at least £28m for 2021, £10m above last year.

The record year results were achieved despite the effects of Covid and Brexit.

Baxter Freight is now progressing its Fast Forward growth plan, projecting turnover of more than £35m by the end of 2022. It has employed an additional 50 people.  And further developments include investing in its Air and Sea teams

Managing director, Peter Isler, said: “While the pandemic caused unexpected delays to our Fast Forward plans, we’re delighted to see not only the recruitment drive, but also our predicted figures coming back to life as we bounce back bigger and stronger than before.

He added: “We’ve developed market leading solutions for both imports and DAP and DDP exports between the UK and Europe. This is allowing us to outperform our Fast Forward plans – with turnover of £12.9m in the first half of the year, and expected turnover of at least £28m for 2021 – £3m above our goal.”