Clipper posts record growth as profits soar to £10.3m

Profits at the company soared by 41 per cent to £10.3m.

Clipper, founded by former miner turned multi-millionaire Steve Parkin, serves a number of blue chip companies such as John Lewis, SuperGroup and Zara and is only in its second full year as a listed company.

All of these firms extended their relationship with Clipper last year during which time is also launched its new Click & Collect service for John Lewis and continued to add clients to its industry leading returns service Boomerang.

The company began as a team of three people and a single driver, and has evolved into one of the UK’s leading logistics providers, with a turnover now standing at £290m.

Clipper posted a 26 per cent growth in logistics services and continued its commitment to shareholder returns with a 25 per cent increase in dividend to 6p per share.

Total earnings per share increased 41 per cent to 10.3p

Clipper is the leading partner for leading blue-chip retailers in the UK due to unrivalled understanding of multi-channel retailing