Pall-Ex Group reports year of growth despite ‘challenging economic conditions’

A major logistics group has reported “another year of revenue and profit growth” despite a “price sensitive market and challenging economic conditions”. 

Pall-Ex Group is a network of hauliers comprising two pallet networks (Fortec and Pall-Ex (UK) Ltd) and five subsidiary depots.

With its headquarters and central UK hub located in the Midlands, Pall-Ex transports more than 35,000 pallets across the globe every day with support from its international logistics partners.

Accounts filed under Pall-Ex Investments show turnover increased from £150.1m to £155.8m in the year to 31 July 2025.

Pre-tax profits went from £937,000 to £1.4m over the same period. 

A statement signed off by the board hailed “another year of revenue and profit growth despite a price sensitive market and challenging economic conditions”. 

It said: “Improvements continue to be made within the operation through efficiencies, making best use of the northern and southern hubs, combined with the ongoing strengthening of the membership network helping to drive service performance. 

“The financial year 2025 encountered challenging economic factors surrounding continued inflation, rising employment costs and the intensification of a limited labour pool. To counteract this, Pall-Ex has continued to invest into the business by way of operational efficiencies, frontline staff to support the members, as well as IT infrastructure and development, combined with delivering service excellence and releasing new products into the market, which provides a strong platform for future growth.”

Last year Pall-Ex received approval for an £80m national headquarters in the East Midlands, which is forecast to create more than 1,000 jobs across its construction and operation.

More about Pall-Ex here: https://www.pallex.co.uk/