PALLITE® design & manufacture environmentally-friendly products made from paper honeycomb board to move, protect, & store goods. We help companies like DS Smith, Rockwell Automation & The Hut Group to act more sustainably. We are agile & adaptable with innovation at the heart of what we do.
We believe that looking after our planet has never been more important.
PALLITE® products are made from 100% recyclable paper honeycomb board which contains over 75% recycled content.
We’ve made some big improvements since we were last on Crowdcube. We’ve refocused our sales efforts, increased our research, & improved our production efficiency. Margins have increased & we now have our sights set on international growth in USA & Europe.
In the month before COVID, we hit a new sales record of £217K (£65k net operating loss & 3 year average EBITDA -£1.58M) at 42% gross margin. We generated £1.8m revenue, -£1.9m EBITDA in FY 2019
As lockdown began, we launched a range of pop-up desks for working from home. We set up an online shop within two weeks, have sold to the likes of GymShark and The Open University, and are now listed by Ryman, Staples and B&Q.
We’re about to launch EcoLITE by PALLITE® - a range of recycled, protective, and insulative packaging to replace polystyrene and foam, with other innovations in the pipeline.
September has been our best month ever with sales of £229K at a gross margin of 45%, and a record gross profit of £103,000.
The next step in PALLITE®’s journey is to continue the rapid growth in our move, protect and store lines, whilst developing new innovative products.
So, if you want to make a real difference, then invest in an innovative and sustainable business.