BR-2026-004
Delivery
Growth, Leases and a £250 Million Cash Journey: Reading the Accounts of a £1.85 Billion Parcel Delivery Business
A £1.85bn parcel carrier grew revenue 11.9% and lifted margins, but £109m of lease costs sit outside the headline profit figure and £250m of cash moved up the group in one year.
22 August 2026
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