Following strong growth and business performance in the UK fourth party logistics industry, X2 (UK) today announces further strength in the form of a top-level award from global industry analysis firm, Plimsoll.
With just 46% of companies within the Transport, Logistics and Road industry category receiving a ‘Strong’ award from Plimsoll, this places X2 (UK) amongst prestigious company and showcases its continued success as a business. Based on the Plimsoll chart, this ranking is calculated using five key measurements to evaluate overall company performance.
These measurements include Trading Stability, Profitability, Working Capital, Gearing and Immediate Liquidity and the Plimsoll chart. As a comprehensive assessment of the performance of a business, a ‘Strong’ Plimsoll rating demonstrates excellent financial health, trading relationships, profit generation and the ability to adapt to potential changes in circumstance.
Amidst a turbulent financial time for many UK businesses, this award reiterates X2 (UK)’s excellent business performance and reaffirms the brand’s mission of achieving sustainable, long-term growth in the sector.
Ian Cramb, Managing Director at X2 (UK), says, “We are delighted to receive a ‘Strong’ rating from Plimsoll as it once again evidences that we are a debt free, foundationally solid company. Despite the challenging current economic climate which has seen many companies go into administration, this award shows that X2 (UK) is stable, successful and can ensure payments for all suppliers and partners.
“For our customers, we are proud to showcase that X2 (UK) is a company you can rely on and trust, helping us to build lasting, mutually beneficial relationships for today and tomorrow.”
Backed by the highest certification from Plimsoll, X2 (UK) is well positioned to continue reinforcing the logistics industry for years to come, whilst providing world-class service to its valued clientele.
