Delivery network APC Overnight has recorded 31% year-on-year growth in profits to £3 million for the financial year, delivering 0.8% growth in total revenue to £103 million.

In the past year, the company has provided investment across its network model aimed at growing its SME business.

The company, which has 112 locations, has introduced six new services targeted at SME customers, including a click and collect service, a mobile booking and tracking app and an international delivery partnership with Air Menzies International.

Jonathan Smith, chief executive officer at APC Overnight, said: “Despite challenging market conditions, we’ve had a strong year.

"We’ve introduced a range of new services so that our network of depots can better serve their SME customers. Our investment in the business has meant that we’re closer than ever to our customers.

“We’re firm believers in SMEs being the backbone of the UK economy – it lives and dies by the successes of these small businesses. We therefore want to level the playing field and help SMEs scale-up their logistics management to match their growth plans.”

APC Overnight has plans for further investment in 2018, committing funds to its IT systems, property, fleet and people.