Tag: Business Post

The finance director of Business Post Group PLC said it will take a year before there is a ‘significant improvement’ in the mail company’s struggling parcel business. In an interview with AFX News, Peter Fitzwilliam said the parcel business would focus on targeting small and medium-sized companies, rather than larger companies, which he said was a better use of its resources. ‘Its more efficient to have a wider spread of customers rather than a (smaller number) of bigger ones,’ he said. ‘We need to re-balance the sales mix and target SMEs. This will create operational improvements.’ Fitzwilliam was speaking after Business Post issued its second full-year profit warning in three months, saying an expected improvement in profit margins at its Parcel Services business had not materialised. It said pretax profits for the current year to March 31 would be only 9 mln stg.

Business Post has moved into larger premises in London to meet growing demand for its express parcel delivery services in the capital. The new depot in Greenford is almost twice the size of the old Park Royal facility.