At the company’s recent AGM, Advanced announced it was on target to increase turnover to £35 million in 2012. This represents 20% growth and follows the opening of its new Leeds and Corby warehouses, which brings Advanced’s total operational space to over 1 million sq ft.
The company now plans to invest over £20 million across the next five years as it aims to increase turnover to £100 million.
Mike Danby, Managing Director of Advanced Supply Chain, says: “Advanced has gone from strength to strength over the past three years. A strong belief in the development of our IT-based systems and controls, forging international links with China and increasing our warehouse capacity, has enabled Advanced to grow by 100%, which is a great achievement for us.
“Our investment in IT has been fundamental to achieving our growth to-date. It will help us realise our ambitious targets as it enables us to develop bespoke end-to-end supply chain solutions for our customers, which deliver cost savings and improved operational accuracy.
“We now see opportunity to grow further from importing high quality goods from across the globe. This will help to make our turnover target possible, which would be an incredible achievement in such difficult economic times.”
Advanced Supply Chain