Secured Mail, the fastest-growing UK postal operator, has attracted significant new funding from private equity backer Next Wave Partners as it continues to invest in people, technology and infrastructure to support its expansion plans.
The backing, which comes two months after Secured Mail announced a tie-up with delivery company City Link, will support the expansion of its home shopping packet solution, including investment into new machinery and new jobs at its sortation hub in Crick.
Secured Mail has also expanded its national sales team and the Next Wave investment supports the rapid new business growth that is being generated by these new appointments.
Next Wave has backed the growth ambitions of Secured Mail since it first invested in the business in 2011, when revenue was £48million. Turnover in 2013 is expected to grow to £80million.
Mark Bigley, chief executive of Secured Mail, said: “Since the first funding from Next Wave in 2011, we have gone from strength to strength, investing in our people, technology and infrastructure to become one of the largest postal providers in the country.
“This new backing puts us in the perfect position for our next phase of development. We are committed to continued investment in the business to support our customers and provide the most reliable postal service in the UK.”
Stephen Walls, of Next Wave Partners, said: “We are delighted to provide fresh development capital to Secured Mail and support Mark Bigley and the management team to drive continued market-leading growth. The company is well-positioned to continue to capitalise on the opportunities in the growing UK e-commerce postal market and support UK businesses, who require a trusted operator with a reliable network to deliver their mail.”
