WHILE the credit crunch is sending some businesses to the wall, others are coping with the downturn.

And one Bolton company is being helped to grow during the credit crunch as it takes advantage of people becoming more thrifty.

Online courier service Parcel2Go.com has grown into a multi-million pound business in five years thanks largely to the surge in people selling good via auction website eBay.

And the owners of the business are cautiously optimistic about the future of the business given the economic outlook.

Chief executive officer Fil Adams-Mercer said: “I have seen too many people become arrogant and complacent when predicting what their business can do.

“I don’t want to be seen bragging but, at the moment, we are going from strength to strength. This month has been better than the past month and that was an improvement on the month before that.

“We don’t know what’s to come next year but we will keep our heads down and keep on working hard.

“We feel that many people will be using Parcel2Go.com in the coming year as the recession bites and they start rummaging in their garage and selling items on eBay.

“We now have 6,000 new people using Parcel2Go.com every month and we have 700,000 customers registered with us and we have about one million hits a day on our website.

“We are like Google because we keep every detail of every parcel we have ever handled right from the very first one so we know what our customers want.”

The company, which is a winner of the Bolton and Bury Business of the Year award, offers accounts to bulk users but the majority of customers use their credit cards to pay for each order.

The company has no debts, no expensive leases or rent to fork out and is sitting on a £1.5 million cashpile.

Mr Adams-Mercer said: “We have invested heavily in the business and we spend the majority of our money on growing the business.

“I believe that if our growth continues, then our company can be worth up to £30 million within the next three years.”