Clipper posts record growth as profits soar to Â£10.3m

Leeds-based Clipper Group has reported record profits after an impressive 61 per cent rise in its e-commerce wing.

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.

Steve Parkin, Clipper Logistics Group, Gelderd Road, Leeds..12th September 2013.

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