The company reports continuing organic growth across the group with total sales growth of 9% and organic sales growth of 7%. The recent acquisition of The Telecom Centre Limited (“Echo”) contributed sales of £1.3m in September 2007
Adjusted profits before taxation increased by 27% due to improvements in operating margins from 8.6% to 9.8%, as the Group benefited from the scale of organic growth and continuing synergies from ICB were realised. Profits before taxation increased 31% to £7.6m.
James Murray, Chief Executive Officer, commented: “I’m delighted to report a strong performance for the full year, with increased sales and bottom line growth as well as continued excellent cash conversion. During the second half we have completed the acquisition of Echo which has increased our scale, expanded our product range, strengthened our expertise and, importantly, opened up opportunities for cross-selling which we expect to deliver during 2008.
"Our strategy remains the same, to be the convergence partner of choice for our clients, while accelerating growth via acquisitions and organically. We are intent on maintaining organic growth through focusing on larger customers within the SME space, cross-selling, reducing churn and developing products to answer our customers’ needs. We believe the Group remains in a strong, healthy position and with our product range, skill set and partners’ relationships, we are well positioned to continue our growth into 2008 and beyond.”