Record year for digital firm
Commsworld breaks through £20m revenue milestone
Ricky Nicol: ‘outstanding year’ (pic: Terry Murden)
Digital connectivity firm Commsworld expects to confirm its most successful year to date with revenues breaking through £20 million – up 41% on the previous year, along with a threefold growth in profits.
The Edinburgh-based company’s update indicates a turnover for 2018 of about £21.5m (2017: £15.3m) and pre-tax profits at £1.6m (2017: £547,689) when it files accounts.
It said it has benefited from the awarding of the largest public sector contract within the industry across the UK, the acquisition of a cloud services business, and the expansion of its Fluency network to create the UK’s largest independently owned, ultra-fast optical core network.
The company bolstered its board and secured a number of long-term contracts with companies such as AGS Airports and Briggs Marine.
Ricky Nicol, Chief Executive, said: “It’s been an outstanding year for us and as ever, our growth and success has largely come from the support and strong relationships we have with our customers.
“I have always seen Commsworld as an innovator and disruptor in the telecoms market that has for so long been crying out for transformation.”
He said the company has got the year off to a flying start with a multi-year, multimillion pound contract with a FTSE 100 company based in England.