ByBox reports 12% increase in turnover

ByBox has announced that it achieved £73m in turnover in 2014, up 12% on the £65m reported for 2013, and it is hoping to hit £100m in 2016. The company said that this “strong” trading update follows its “strategic transition” to focus on its two core activities: B2B field support and global click & collect locker technology.

ByBox said that it has been pursuing a policy of acquisitions and continuing investment in recent years which has enabled the company to build a comprehensive capability in its Technical Services division, “with over 500 engineers available nationally to provide the full range of field-based technical solutions”.

The company said that the investment in technology will continue. Steve Huxter, recently appointed as Chief Technology Officer, will drive the next generation of the ByBox Thinventory supply chain software platform. Meanwhile, Dan Turner has been appointed as Chief Executive Officer of ByBox Networks to oversee the global expansion of ByBox’ click-and-collect locker technology.

Stuart Miller, CEO of ByBox, commented, “We’re delighted to announce such improved trading results for 2014. This is a direct result of focusing on the strongest areas of growth for our business and making sure we deliver great service to all of our customers. If this growth continues, we are on track to exceed our target turnover of £100 million by 2016.”