PalletForce grows by 25%
PalletForce plc reported a 25% increase in turnover to (pounds sterling)5.03m for the year ended August 31, 2005, compared with (pounds sterling)4.02m in 2004. The Lichfield-based network’s pre-tax profit rose 7.0% to (pounds sterling)1.25m for the year, compared with (pounds sterling)1.17m in 2004. The directors’ report said: “During the year the company once again made ground within the pallet network market. Members delivered in excess of 1.2 million pallets during the course of the year with an average of nearly 5,000 pallets per night.” It said eight members joined the network during the year and it had 73 members at the year end. An internal share trading scheme was established.
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