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First-half revenues jump at logistics firm Wincanton

The Business Magazine article image for: First-half revenues jump at logistics firm Wincanton
10 October 2022

First-half revenues at Chippenham headquartered logistics firm Wincanton have jumped by eight per cent after the company secured a string of new contracts and acquired rival businesses.

In a financial report published on Friday, the firm said the acquisition of Cygnia delivered growth of around 18 per cent in the e-fulfilment sector, while the public and industrial sector saw growth of six per cent, and the general merchandise and grocery and consumer sectors each grew by around four per cent.

New contracts were signed with Primark, The White Company, toy maufacturer MGA, Wickes, and DEFRA.

The firm said 70 per cent of its contracts were on an 'open book' basis, allowing it pass on cost increases to counter inflation.

Net debt closed at £2 million, a £14.4m improvement on the first half of 2022, the group said.


Peter Davison is deputy editor of The Business Magazine. He has spent his life in journalism – doing work experience in newsrooms in and around Bristol while still at school, and landing his first job on a local newspaper aged 19. By 28 he was the youngest newspaper editor in the country.

An early advocate of online news, he spent the first years of the 2000s telling his bosses that the internet posed both the biggest opportunity and greatest threat to the newspaper industry and the art of journalism. He was right on both counts.

Since 2006 he has enjoyed a career as a freelance journalist. He lives in rural Wiltshire with one wife, two children, and three cats.

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