A company specialising in alternative, environmentally-friendly solutions has been named the Growth Business of the Year at a leading logistics awards ceremony.
PALLITE – The Alternative Pallet Company landed the honour at the 2018 Northamptonshire Logistics Awards, held to celebrate groundbreaking industries at the heart of the UK’s logistics hub.
PALLITE offers a genuine alternative to wood through its innovative range of lightweight, strong, clean and recyclable paper transit packaging, designed to reduce the total cost of delivery.
Born from an idea to address the frustrations and limitations of other pallet types –the company is changing the way goods are transported through its ultra-lightweight, yet extremely strong paper transit packaging.
The business has grown significantly in the past 12 months, moving from a team of 14 to over 30 and plans are in place to double that by the end of 2018. Gross revenues also doubled through 2017 and current projections based on Q1 performance indicate a further 200 per cent growth in the business in 2018.
Patrick Mulhall, managing director of the Wellingborough-based company, said: “The past 12 months has seen unprecedented growth for the business and this award is recognition for the hard work the whole team has put in to make this possible.
“Our aim is to get into the consciousness and allow logistics decision makers to make informed decisions around how they chose to move their product and this award helps us do exactly that.
“We pride ourselves on providing solutions that ultimately lead to a cash saving for all our customers.
“We are passionate about what we do and how it can impact positively upon both the community of Northamptonshire and the logistics sector in general. We look forward to this award being the catalyst for further growth in the months and years ahead.”
The company manufactures its entire range at a factory in Northamptonshire and supplies a range of sectors, including automotive, pharmaceutical and food industries, as well as exporting, where PALLITE is able to significantly reduce air freight cost savings through weight reduction.
A major investment programme has seen the installation of a new £100k CNC cutting machine and new printing capacity has also been introduced in recent weeks. Current plans are for a second site within the region over the next 12 months.