PALLITE® design & manufacture award-winning, lightweight, strong & sustainable honeycomb paper pallets, crates & warehouse storage solutions for brands like Morrisons and Kellogg’s. Since Jan 2018 we’ve grown 77% & our range offers greater cost savings & fewer carbon emissions than alternatives.
Investing in positive environmental impact is good business.
Here at PALLITE®, we’ve proven that our award-winning, lightweight, recyclable & strong paper products can replace traditional pallets & shipping crates.
By making paper into super-strong honeycomb structures, we reduce the weight of transit packaging by up to 83% & consequently carbon emissions by up to 37%. Our goal is for businesses to make significant savings in distribution costs and CO2 emissions.
In 2018, we grew by 58% to £1.1m (Net loss -£1.7m) & momentum continues to build with 77% growth Jan-May 2019 compared with the same period in '18. We already work with well-known brands such as Farrow & Ball, Morrisons, Kellogg's & DHL, & that’s just the tip of the iceberg.
We believe there’s never been a better time to invest:
• 30% of wooden pallet users are considering alternatives.
• UK wooden & plastic pallet market is worth £1.3 billion
• 41.4 million new wooden pallets manufactured each year
• E-commerce growing at 13.65% annually – prime for our new warehouse storage solution, PIX
We’re fundraising to develop new markets including food & FMCG, expand our sales team and scale up manufacturing facilities. We’re aiming to bring forward our breakeven date from 2021 and believe a trade sale or flotation could be realistic exit options.
Together we can reduce the impact of distribution – for today, tomorrow, & the future.