CCL, which employs 110 people across the UK, is forecasting approximately 20% revenue growth as sales are set to hit around £35 million in the year to 31 December 2022, up from £29.5m last year.

CCL is currently investing around £2.5m every year into its technology platform and has over 40 people working in its innovation centre in Bellshill. The company plans to build new product features, while continuing to invest in existing products including full multi-modal tracking, warehouse productivity solutions, customer delivery experience, and a supply chain CO2 emission calculator.

CCL Logistics & Technology CEO Callum Bastock said: “We work with hundreds of customers, who use CCL because we are a one-stop logistics provider that can help them save time, reduce costs, and improve business efficiency.

“By offering complete supply chain visibility, we have a product that is second to none in our target market, and we plan to continue our investment in our Transport Management System for years to come.”

The company expects to announce its next acquisition during the first half of 2023, one of two acquisitions planned next year.

Mr Bastock added: “Our next acquisition will give us an even greater footprint across the UK, strengthening our base and our overall proposition for customers.”

Commenting on recent sea freight rates, he said: “Shipping rates have collapsed, and pricing is returning to where it was pre-pandemic. This is best illustrated by shipping rates now matching where they were in 2020. So, a 40-foot container, the standard in the industry, is now around $2,000 compared to $20,000 during the pandemic.”