Birmingham-based Royal Mail rival, Business Post, is growing its operations at 15 per cent, even before January’s move to end the postal monopoly.
Chief executive Paul Carvell said he expects the company to double its annual turnover after it gets a full licence to help in the delivery of bulk business mail.
He said: ‘I still believe that our goal of three per cent market share, of a market worth pounds 5.3 billion, is possible.
Read MoreExpress delivery group Business Post yesterday revealed its alternative postal service, UK Mail, will finally hit the streets in the new year. Chief executive Paul Carvell said a long-running pricing dispute with Royal Mail has been resolved by the postal regulator, Postcomm, clearing the way for the launch of the service – originally scheduled for April this year.
Read MoreBusiness Post increased its pre-tax profits by 17.8% to £6.7m in the 6 months to 30 Sept, on turnover which was 4.6% higher at £63m.
Read MoreBusiness Post Half Year Results
Read MoreNotes of meeting between Robin Parr-Davies & Bill Wallis on 26 Sept 02. Includes details of staff and products.
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