Select Transport, the specialist in road collections and deliveries for the air cargo industry’s freight forwarding community, has announced significant increases in both turnover and profit.
In their latest trading figures just announced, year on year profit grew by 35% and an impressive 83% from 2016 to 2018. Turnover also made significant gains, jumping by 85% from 2016 to 2018, driven by a full business rebrand exercise and both large and small contract wins.
The family business, run by Wythenshawe-born, Marc Waterfield has a 50 strong team at its operation at the World Freight Terminal, Manchester Airport and continues to pride itself in offering a flexible and competitive offering to all its customers.
In 2017 its presence at the Airport increased with the business now occupying 15,000 sq ft of space and subletting out a further 10,000 sq ft.
One stop shop
Earlier this year, the business invested £250,000 in a state of the art x-ray facility allowing Select Transport to become a true one stop shop for the freight forwarding community.
Select is confident on another year of significant revenue and profit growth in 2018/19.
New FD joins the team
As well as impressive financial growth, Select Transport’s Board has also grown with Paul McGerty joining the business as both investor and Financial Director.
Paul brings over 17 years accountancy experience with the likes of Royal and Sun Alliance, Mitchell Charlesworth, McLintocks and Everton FC.
Paul joins the board room alongside Managing Director, Marc Waterfield and investor Ramon Mehra, who joined the business in 2016 to facilitate and deliver Select’s ambitious growth strategy.
Marc Waterfield, Managing Director, Select Transport said: “It’s been another fantastic year for Select. We’ve made some significant investments in the business with the addition of the x-ray machine, an ever-growing rebranded fleet and expansion at the World Freight Terminal. Taking all of this into account, I’m delighted that we’ve been able to report record turnover and profit figures.
“We’re thrilled to have Paul join the team with myself and Ramon to drive the business forward. We’ve got some exciting plans in place and we’re confident of further significant growth – it’s going to be another great year,” Marc Waterfield concluded.
