Narrow Aisle announces highest annual turnover in company’s history

Manufacturer of the Flexi range of forklift trucks Narrow Aisle has announced that turnover reached a record high for the financial year up to December 2022.

The company recorded a global turnover of £31.6 million, up from £25.5 million in 2019 – when it was the subject of a buyout by members of its senior management team.

With its headquarters, as well as its design and manufacturing facilities, based in the UK, Narrow Aisle has supplied around 12,000 Flexi Truck units to users and distributors in over 80 countries around the world since 1990.

Narrow Aisle’s Chairman Jim Porter said: “Our employees have delivered another outstanding year of results. We are seeing the positive outcome of our long-term strategic focus on continually increasing our market share and growing key overseas markets such as India and the Americas.

“Our success in the United States, where we have signed distribution agreements with Dallas and Houston-based companies who are among the USA’s top independent material handling equipment suppliers and rental businesses, means that we can look ahead with confidence from a position of strength.

“Despite the global economic uncertainty created by events that nobody could have foreseen we have made excellent progress towards our various goals since 2019 by taking a long-term view and making strategic investments in our business while remaining agile and adaptable.”

The Flexi Digital range consists of more than ten different models of very narrow aisle (VNA) articulated warehouse trucks. In addition, it offers the Flexi LiTHiON range of articulated trucks, powered by lithium-ion batteries.

Flexi Narrow Aisle (Stand i416) will be at IntraLogisteX on 28-29 March 2023 at the NEC Birmingham. For more information, visit www.intralogistex.co.uk.

Source: logisticsmanager.com