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Movecorp posts record turnover in tenth year of trading

Nov 02, 2017
Midlands-based international removals firm Movecorp plans to expand its business after posting a record turnover of £6.8 million in its tenth year.

Movecorp has enjoyed phenomenal growth since its inception, with its workforce expanding from three employees to more than 100 in the last decade and turnover growing by £2.2 million in the past five years. 

Movecorp is gearing up for its tenth anniversary and to celebrate bosses have announced a number of exciting new plans for the future. Among them is a new warehouse and office complex of 38,000 sq ft to be opened within the next 12 months, enabling the business to deliver a new range of services aimed at helping online retailers distribute stock across the UK and Europe. 

Bosses have also set their sights on a new depot close to the M25 within the next three years, which will continue to drive growth and deliver new services alongside the firm’s current transport and storage operations. 

Founder and Company Director James Tennant said the expansion plans are a testament to the impressive growth of the business and the continuous focus on delivering a first-class service to its growing portfolio of clients. 

“It’s hard to believe that we are about to celebrate our tenth anniversary,” said James. “The past decade has been exciting and incredibly rewarding, but also a real challenge. I believe a lot of our success is down to continuously reviewing our product and service offerings to suit our customers’ requirements and budgets. It is our aim to provide same-day quotes for all European and international destinations for any size shipment. One major game-changer for us came in 2012 when we were able to buy our first warehouse with the help of a grant from the Regional Growth Fund. This helped us expand and create over 30 jobs in a two-year period.” 

Despite the company’s impressive success, the past ten years have not been without their challenges, with customers’ expectations and demands increasing considerably. 

“Private clients now have the facility to compare more companies online and are therefore more educated and informed when they speak to us about their moving requirements,” said James. “This means that it is incredibly important for us to remain competitive in price whilst still delivering the highest standards in customer care.” 

Movecorp delivers around 1,200 shipments each month of varying sizes across the UK and overseas – with 60% of its business abroad. The business counts America, Australia, New Zealand, France, Germany and Switzerland as its most popular destinations. In 2007, the most popular country was Dubai – but today the biggest route is to the USA. 

With Brexit on the horizon, James says they are expecting more changes for the business – and with those changes a few more challenges. 

“The private market has shown some decline across Europe, especially from people considering buying holiday homes. It’s our belief that people are waiting to see how Brexit will affect them as there is still so much uncertainty around us leaving the EU. However, our corporate relocation enquiries have increased, especially from banks and financial-related companies.”  

James continued: “We are expecting moving costs across Europe to increase between 20-30% due to the cost increases of customs clearance and process fees when we leave the EU. This will be a challenge, but we have always prided ourselves on delivering a quality service at an affordable price and that won’t change.”  

Photo: The Movecorp team. 

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