Sales hit almost £300m at Arco with new Hull jobs on the horizon
David Evison, Managing Director, Arco (L) and Thomas Martin, Chairman, Arco (R)
By Hull Daily Mail | Posted: 24 Jan 2019
Sales at Arco grew to almost £300m last year, in a 12 months which saw the Hull safety equipment specialist invest more than £14m in its operations.
The business, which is currently building a new £25m distribution centre in Henry Boot Way to double its existing capacity, recorded a turnover of £295.1m in the year up to June 30, 2018 – up 2.6 per cent from the previous year.
Operating profits also rose by six per cent to £10.2m – up from £9.6m in 2017.
It means Arco is also on track to meet its growth targets in coming years, as the Hull business prepares to create new jobs in the city at its distribution centre.
Thomas Martin, chairman of Arco (Jerome Ellerby)
David Evison, managing director at Arco, said: “In a challenging and uncertain market, we remain on course to meet our growth targets over the next few years.
“We continue to see investment in new technology and infrastructure as the way to achieve these goals.
“The restructure of our sales and service functions announced in March was a difficult decision, but one critical for our long-term plans to serve best our customers.”
Arco has sites across the UK, including in Liverpool, Sheffield, Leicester and Cardiff.
Last year, it also unveiled its new customer engagement centre in the heart of Hull, creating around 90 new jobs.
Arco is one of Hull’s biggest and best-known businesses, and is also in the midst of a major digital transformation.
The switch will deliver new technology at the company, include upskilling for existing staff, and ensure the business remains ahead of the game in the rapidly changing digital world.
Arco said it was confident this move, together with the centralisation of its customer support functions and the expansion of its National Distribution Centre, will ensure the business has the infrastructure to maintain and grow its market position.
Work on Arco’s new £25m distribution centre is expected to be completed later this year.
When completed, it will create up to 200 new jobs.
Arco said: “During the year, we have again invested significantly with £14.5m of capital spend.
“These investments are focused on improving the way we serve our customers and enhancing our offer.
The results were in line with expectations and the company continues to take a long-term view of performance, and over the next few years continues to invest in the digital change programme and logistics capability.”
Watch: Arco to create 200 new jobs with £25m distribution centre in Hull
Last year also saw Arco continue its work within the community.
Staff at the business completed more than 400 days of volunteering in 2017/18, along with donations of over £130,000 to 150 different charities.