[1] The business was founded by Sanj "Sam" Sharma and brothers Jagjit "Jag" and Manohar Grewal[2] with £500 working capital and a single customer, WH Smith.

[4] Initially, emergency calls were generally serviced from one major warehouse making it difficult to reach all of the UK within four hours.

Starting in 1994, Rico began expanding with additional warehouses across the UK to support two to four hour service to all major cities.

[10] TVS SCS had been formed by merging TVS LSL's prior UK acquisitions: commercial automotive parts wholesaler and distributor CJ Components, acquired in 2004, and light commercial vehicle parts manufacturer Multipart Holdings, acquired in 2009.

[14] DHL Same Day offered same-day courier and FSL services mostly to IT customers which complemented Rico's existing business.

[4] Rico acquired a majority stake in British air cargo and same-day delivery company Circle Express on 18 January 2016.

[6] Later that year, it acquired a majority stake in British hardware support provider SPC International from Beringea.