Total Computer Networks (Total) today announced results for the financial year ended 31 December 2015, with a turnover of £51.8m for the first time exceeding fifty million pounds pa. The Company attributes its growth to the continued expansion of its sales team combined with increased services sales into its customer base.
Turnover for the 12 months’ period ended 31 December 2015 increased 17% to £51.8m (2014: £44.1m), to provide an eighth consecutive year of growth.
“For 2015 we set ourselves the goal of exceeding £50m turnover: we did that convincingly and I’d like to thank our customers, suppliers and of course my colleagues in helping to make that a reality,” comments Aidan Groom, Joint Managing Director of Total. He continues, “Our growth is, in part, the result of the continued expansion of our sales team. A year ago I also explained how we had brought some highly skilled consultants into the business, to enable us to offer more technology services in-house. In the past 12 months we’ve already doubled our services revenues and achieved significant growth in consultancy, support and managed services and are seeing consistent growth in new enquiries from our customer base.
Operating profit at £1.2m was lower than 2014 (£1.6m) following a series of investments. Aidan Groom explains, “The dip in our operating profit reflects planned investments in the business together with a strengthening of the management team, which we expect to add positively to future years’ profitability.”
“Looking back we’ve successfully added more than £40m to our turnover over the last four years and we have ambitions to continue that growth to 2020 and beyond,” notes Aidan Groom. “We commenced the year with new initiatives to support our continued growth. We have plans for further investment and an expansion in the scale of our operations but are also mindful of the possible impact of the approaching EU Referendum and are proceeding in a measured fashion.”