Payroll numbers rising
Office tech firm seeks acquisitions as sales hit record
Document Data Group, the office technology specialist, is seeking acquisitions as it heads towards record sales, increased profits and growing headcount.
Growth at the East Kilbride-based company comes on the back of a surge in orders from clients across the UK.
Justin Longmuir (pictured), operations director, said: “This is a really exciting time to be in business and Document Data Group is really taking off.”
Highlights of the group’s success this year include:
* Turnover up to £3.3 million in the year ending December 2015, up from £2.2 million last year and £1.6 million the year before.
* Margins up by 14%.
* Staff numbers up from five in 2013 to 26 now and at least 35 by early next year. It has hired four apprentices.
* The appointment of executives, including Steve Young and David Black formerly of Concept Group (now Xerox) as group sales director and sales director respectively, and Ben Whitehead formerly of Canon as IT director.
Document Data Group has also established an office in Dunfermline, with a complement of three, to drive sales in the east of Scotland and is winning bigger accounts with clients in multi-site operations.
Mr Longmuir said: “The success we currently are experiencing and the major investments we are now able to make are underpinned by the past few years of prudent financial management. We are now reaping the dividends.
“We have also attracted the services of Wylie & Bisset, one of the leading accountants in Glasgow who are providing us with very high quality management accountant information and will advise us on acquisitions which we are now actively pursuing.”
Clients include the Lawn Tennis Association, which retained its services for the Davis Cup competition.