Industry Logistics Number of employees 16,000 (2013) | Traded as LSE: WIN Founded 1925 | |
Key people Steve Marshall (Chairman of the board), Adrian Colman (CEO) Products HaulageSupply chain management Stock price WIN (LON) 261.00 GBX -0.50 (-0.19%)3 Apr, 4:46 PM GMT+1 - Disclaimer CEO Adrian Colman (1 Aug 2015–) Revenue 2.18 billion GBP (year - Mar 2011) Profiles |
Wincanton plc is a British provider of logistics with its origins in milk haulage. The company provides transport and logistics services including specialist automated high bay, high capacity warehouses, and supply chain management for businesses. It also provides container transportation and storage, warehousing solutions and related services such as health and safety, IT services and people transition to numerous industries. Wincanton's specialist markets include retail, consumer goods, construction, dairy, defence, industrial, fuels and energy. It is listed on the London Stock Exchange and is a former constituent of the FTSE 250 Index. Head offices are based in Chippenham, Wiltshire in the United Kingdom.
Contents
History of Wincanton plc
Board Members
Headquarters
The company's origins are in Wincanton, Somerset, although the head office is now in the Methuen Park district of Chippenham, Wiltshire.
Operations
Wincanton currently directly employs in the region of 17,500 people across the United Kingdom and Ireland through a network of over 200 sites. As of 2016, the Wincanton fleet comprises over 3,400 vehicles including conventional trucks and trailers, as well as a range of specialist equipment including skeletal trailers, tankers and construction vehicles. Until the sale of its final continental European operations on 3 January 2012 it also operated barges and trains, thus providing multi-modal transport.
In 2015, Wincanton sold its records management business (WRM) to Restore for approximately £55.7m to reduce its average net indebtedness, and allow room for growth.
Solutions and Services
Wincanton offers a number of transport solutions which help customers meet consumer demand and ‘just in time’ production schedules. These solutions include road transport and distribution, container logistics, specialist transport to construction sites, tankers for all liquid and powder products, including petroleum and lubricants, home delivery and fleet management and vehicle maintenance through its subsidiary business, Pullman Fleet Services.
Its warehouse solutions provide scalable transport solutions for businesses who need to meet demand and manage shifts in buying behaviour such as peak times including summer sales, Christmas and Black Friday. Wincanton offers dedicated and shared user warehousing, bonded warehousing and other services. These include co-packing, automation, eFulfilment, off-quay solutions, returns management, recycling and packaging.
Wincanton also offers solutions which include integrated IT services, change management and people transition (TUPE) services.
Market Position
In 2016, Wincanton plc has 121,893,000 shares outstanding which are trading at 185 bringing Wincanton plc’s market capitalisation to 225.50M GBP.
Financial Results
In the year ending 31 March 2016, Wincanton reported revenue of £1,147.4m (2015: £1,107.4m), which represents a year on year increase of 3.6% (4.4% excluding WRM from both years).Underlying operating profit grew by 2.4% to £50.9m (2015: £49.7m), providing an underlying operating margin of 4.4% marginally down from 4.5% in the prior year. Excluding the profits of the disposed Records Management business, underlying operating profit was £48.7m, up 5.4% from £46.2m in 2015, with margins consistent at 4.3%. Net financing costs were £15.6m (2015: £18.3m), £2.7m lower year on year. Financing charges consist of interest payable on loans and finance leases of £9.9m (2015: £11.0m) and £5.7m of non-cash items (2015: £7.3m) in relation to pension financing charges and the unwinding of discounts on provisions.
On 4 November 2015, Wincanton announced the disposal of the Records Management business, for an enterprise value of £60m, on a cash and debt free basis, and resulting in a pre-tax exceptional gain of £32.4m.