A Glasgow-based sustainable logistics firm has announced better than expected profits for the last year, reflecting a trend for Scottish businesses to turn their supply chains green.
Green Fulfilment reported a 197% rise in revenue to £5.3m, compared to £1.7m in the period up to April 2020 – with a 55% increase in pre-tax profit.
This built upon a 55% growth in review in 2019/20, which the company attributes its success to a rise in home delivery during the pandemic and choices by consumers and companies to shop in a more environmentally-friendly fashion.
Green Fulfilment has met the rise in demand by injecting revenue back into its business.
Starting from a 20,000 sq ft warehouse two years ago, its operation now spans 105,000 sq ft across Glasgow’s south side.
Its ranks have been bolstered too, with around 25 new jobs being created by the company in the last year alone.
All of this has been underwritten by background support from Glasgow City Council’s Growth Fund Scheme.
Green Fulfilment aims to make its warehouse operations completely paperless in the second quarter of 2021 and increase the use of compostable and non-plastic packaging from the 65% currently to 90% in the near future.