We have done it again! CoolKit has seen its revenue grow by 21% in 2017- continuing a seven-year run of double digit year on year growth – despite a contraction in the light commercial vehicle market at large.
According to the Society of Motor Manufacturers and Traders (SMMT), the body which monitors trends of new van registrations, the overall market contracted by 3.6% – but CoolKit has bucked the trend. The past year saw our revenues exceed £12million for the first time. Growth in the sale of converted vehicles was the main driving factor behind the growth, with 360 vans sold, an increase of 11% over 2016.
In 2017, we won numerous awards and secured orders for major fleets including AAH Pharmaceuticals, Iceland Foods, Marks & Spencer, Lex Autolease and Vanarama. We also secured numerous awards including Manufacturing Business of the Year and Business of the Year at the BIBA Awards – celebrating business excellence in Lancashire, and the Manufacturing Excellence Award at the Burnley Business Awards. Our product also won the Refrigerated Panel Van of the Year Award, nominated by our industry peers.
Last year we also secured accreditations from world-class manufacturers including Toyota, Renault Trucks, Volkswagen Commercial Vehicles and Ford Motor Company.
Rupert Gatty, Managing Director of CoolKit, said: “The continued growth is testimony to our staff and their extraordinary commitment to achieving the company’s goals. They have worked tirelessly to deliver innovations and improvements which set us far above our competitors in terms of the capability of our insulated bodywork. Our first fleet order for new ultra-light refrigerated box body provided the user with the benefit of a demonstrable 1,200kg usable payload – a new industry benchmark.
“In 2018 we will be continuing to focus on delivering the best products and service to our customers, aiming for outstanding customer satisfaction and maintaining our reputation as the industry leaders in the refrigerated transport market.”
The relocation to our new premises in 2016 trebled the company’s manufacturing operations to a 45,000 square feet area, creating one of the UK’s biggest panel van conversion facilities. In 2017, we acquired neighbouring premises of a further 25,000 square feet, which gives us extra capacity and vehicle storage as well as enabling us to showcase our range of products to our customers in an exciting new format.
Now benefiting from an enhanced and re-organised sales team with specialisations in fleet sales, van retailing, aftersales support and export, CoolKit is well poised to command further substantial market share in 2018.