Cardinal maritime sails towards growth targets after record year - CILT(UK)
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Cardinal maritime sails towards growth targets after record year

21 April 2015/Categories: CILT, Industry News, Ports, Maritime & Waterways

Cardinal Maritime is on course to achieve record turnover in 2015, after another year of strong growth. 

The North-West based business, which is now an established brand in over 90 countries, expects to grow turnover by 22 per cent to £59 million – up from £48.4 million in 2014. 

The strong growth mirrors the previous year’s increase in turnover, which was up by 21 per cent from £40.1 million in 2013.

Brian Hay, CEO of Cardinal Maritime Group, commented: 'The company has experience significant year-on-year growth in the last three years and we expect to continue on this upward trajectory over the next 12 to 18 months.

'The Group is built on seven distinct values, including service, culture and enterprise, which have enabled our brands to build solid client relationships and establish a firm international foothold in the global logistics industry. We intend to continue to invest in not only the growth of our own services, but support the overseas capabilities of our clients, through continued commitment to innovation and technology.'

Cardinal Maritime, which employs 200 members of staff across four offices in Manchester, Ireland, South Africa and Holland, has five brands within the Group. These include: Cardinal Maritime, Origin Logistics, Direct Food Express, Far Logistics and Cardinal Plus.

Cardinal Plus is focused on key account freight management. The brand is marketed specifically to retail-based clients with systems and operations that provide a fully intergrated supply chain solution. 

Rob Cross is managing director of Cardinal Plus and was a founder of the Cardinal Maritime Group in 1998, along with Brian Hay and David Garratt. He said: 'Consolidated year-on-year growth in Cardinal Plus is being driven by a retail sector that is regaining its position through increased consumer confidence.

'With retail sales in 2014 growing by around 2.3 per cent – the best retail sales' performance since before the recession – and GDP expected to grow this year by 2.4 per cent, along with retail sales (2 per cent), we’re confident the brand’s development will mirror that of our clients[1].'

The company’s services span eastwards from the United Kingdom into the Mediterranean, the Middle-East, the Canaries, Africa, India, the Far East and then westwards into North and South America. 


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