An Edinburgh-based technology company has reported a significant 28% increase in turnover. This impressive growth reflects the firm’s expanding presence and effectiveness in securing large contracts.
Recent financial results show that the turnover rose to £36.5m, with significant contributions coming from public sector contracts. This milestone has been reached despite excluding a major new agreement in Glasgow.
Financial Performance and Major Contracts
The tech firm has reported a robust financial performance, with its EBITDA increasing to £6.6m from £4.5m in the previous year. Pre-tax profits also saw a notable rise, reaching £4.6m compared to £3.3m in the previous year. These results are compelling evidence of the company’s strong market position and effective business strategies.
Public Sector Contracts
Recently, the company secured its largest contract to date, a £35m agreement with Glasgow City Council. Additionally, the firm is currently undertaking a £2.6m project to enhance connectivity for 42 schools in Dundee.
Innovative Projects and Achievements
The firm now owns approximately 850km of fibre, including new digital infrastructure in various locations such as Glasgow, Edinburgh, North Lanarkshire, and the Scottish Borders. This extensive network boosts the company’s competitive edge and capability to support large-scale projects.
Strategic Growth and Development
The firm’s strategy involves not only securing high-value contracts but also delivering exceptional service, which has become its hallmark. Such a focus is pivotal in maintaining and expanding its market position.
Future Prospects and Goals
By continually innovating and expanding its fibre infrastructure, the company is well-positioned to meet increasing demands for high-speed connectivity. Its commitment to enhancing digital infrastructure will be central to its growth trajectory.
Chief Executive’s Insights
The focus on securing substantial public sector projects has been instrumental in driving the firm’s growth. The Chief Executive’s insights emphasize the importance of strategic planning and workforce excellence in achieving business success.
Commitment to Excellence
The company’s ongoing commitment to delivering exceptional service and building robust digital infrastructure remains unwavering. Its efforts in enhancing connectivity and supporting large-scale projects underscore this dedication.
In summary, the Edinburgh-based tech firm’s remarkable 28% rise in turnover demonstrates its effective business strategies and strong market presence.
With a focus on securing high-value contracts and delivering exceptional service, the company is well-positioned for continued growth and success.