CCL Logistics & Technology increased revenue by 21% to £35.6 million in the year to 31 December 2022 [2021: £29.5m], and is on track for further growth despite a challenging industry backdrop.
The company is targeting revenue in the region of £45 million in the current financial year, and continues to invest internally, with over £2.5 million invested at its Innovation Centre in Bellshill during 2022.
Callum Bastock, CEO and Founder of CCL Logistics and Technology, 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.
“Essentially, we help customers – manufacturers, distributors, wholesalers, and retailers – simplify their supply chain, significantly improve productivity, reduce costs, and grow sustainably, and this approach has helped scale our business.
“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 £100 million over the next few years.”
Over the last 12 months, CCL has added features to its bespoke transport management system, myCCL, a platform that gives customers supply chain visibility, managing each shipment from collection to delivery, supported by a dedicated customer service team.
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.
“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. Exporting and importing is complex, and we simplify the whole process for our customer base.”
Since the beginning of 2022, CCL has added over 15 people to its tech team at the company’s Innovation Centre in Bellshill, which now totals over 40, with overall headcount across the group at over 120.
The company expects to complete a further acquisition by Q4 of 2023