CCL Logistics & Technology has announced it is on track for record revenue in the current financial year and expects to complete two acquisitions in 2023.

The Troon-based company, which employs 110 people across the UK, is forecasting approximately 20% revenue growth as sales are set to hit around £35 million in the year to 31st December 2022, up from £29.5m last year.

Earlier this year, CCL added sea freight tracking to its platform, myCCL, the company’s Transport Management System that provides container visibility and tracking, under former Google supply chain lead Tony Wringe, who joined the company last year as Chief Technology Officer.

The firm’s logistics tech platform now incorporates port-to-port GPS vessel tracking, and estimated time of arrival data.

CCL Logistics & Technology CEO Callum Bastock said: “While the company was founded as a one-stop logistics company, we are now a fully-fledged logistics and technology group that specialises in helping customers reduce costs and grow, sustainably.

“The challenges faced by the sea freight industry meant our customers had less visibility, higher costs, and severe supply chain disruption.

“We are now able to help our customers track shipments and stock keeping units (SKU’s) in real time, something that just wasn’t available previously.”

CCL is currently investing around £2.5m every year into its technology platform and has over 40 people working in its Innovation Centre in Bellshill.

Recommended

• Will Munro start a Scottish EV revolution?
• Strathclyde Uni spinout receives funding for new diagnostic test
• Willo reaches investment milestone and unveils US growth plans

Bastock added: “We work with hundreds of customers, who use CCL because we are a one-stop logistics provider that can help them save time, reduce costs, and improve business efficiency.

“By offering complete supply chain visibility, we have a product that is second to none in our target market, and we plan to continue our investment in our Transport Management System for years to come.”

The company plans to build new product features, while continuing to invest in existing products including full multi-modal tracking, warehouse productivity solutions, customer delivery experience, and a supply chain CO2 emission calculator.

The company expects to announce its next acquisition during the first half of 2023, one of two acquisitions planned next year. Bastock continued: “Our next acquisition will give us an even greater footprint across the UK, strengthening our base and our overall proposition for customers.”

Get all the latest news from DIGIT direct to your inbox

Our newsletter covers the latest technology and IT news from Scotland and beyond, as well as in-depth features and exclusive interviews with leading figures and rising stars.

To subscribe, click here.