The annual results of Business Post were released today, and according to the parent company, UK Mail's revenues were £90m, while the postal market was worth £5bn.
The company had aimed for a revenue figure of £150m when it revealed its 2007 target three years ago.
However, UK Mail's performance this year has still been impressive and it also revealed it has won a contract with HSBC to sort its bank statements for delivery.
It has grown revenues by 124% and doubled its operating profit, from £3.2m to £6.4m.
The company was unable to release further details on the HSBC contract, such as the value and extent of the business.