My Parcel Delivery expands into new premises

My Parcel Delivery expands into new premises

Seneca investee company My Parcel Delivery, an online parcel delivery comparison website has relocated to new offices and warehouse to accommodate further growth.

My Parcel Delivery, which was founded four years ago in Manchester and works in partnership with major couriers such as DHL, TNT and UPS, has taken a 23,000 sq ft unit at Trafford Park – four times the size of its most recent offices.

The new base will also house the company’s growing teams, including more than 20 new IT developers currently being recruited alongside the eight new job roles already created and filled in the last six months in the marketing, sales and customer service departments.

So far this year My Parcel delivery has received £1m investment from Manchester-based Praetura Capital , and later £500,000 from north west-based investment management company, Seneca Partners , to grow its business further.

It plans to offer new services including warehousing plus pick and pack services aimed primarily at growing e-commerce, eBay and Amazon businesses.

David Grimes, managing director, says: “We know that our customers’ e-commerce, eBay and Amazon businesses are growing at an incredible rate and they are looking for a broader range of services to help them manage this period of expansion while saving time and money.

“The recent investments we’ve received mean we are now in a position to respond to more of our customers’ requirements with a wider variety of services and enter the next phase of becoming a broader logistics and supply chain partner.

Source: see the article in full at the Manchester Evening News website

Important information

This information is of a general nature and does not constitute an offer to provide services.

The opinions and conclusions given here are those of Seneca Partners and are subject to change without notice.

The value of investments and/or any income arising from them may fluctuate.

Past performance is not necessarily a guide to future performance.

Important notice

The products and services shown on this website place capital at risk. Investors may receive less in returns than they have invested. Investments may not allow for capital to be withdrawn on demand. If an investment provides tax relief then this relief is subject to change and is dependant on personal circumstances. Any reference to past performance or forecasted performance is not a reliable indicator of future performance.

Seneca Partners recommends that any investor seeks specialised financial and/or tax advice before investing. Seneca Partners does not provide advice and the information on this website, including but not limited to news, should not be construed as such.

Please confirm that you understand this warning and wish to proceed.