ANS Group releases excellent half-year growth figures
ANS Group, the data centre and managed services expert, has released strong half-year financial figures that show a 100% growth in turnover and a 90% growth in gross profit. The company, that specialises in providing IT business solutions for over 600 customers in both the public and private sector, has seen turnover grow from £8,981,003 at half-year 2010 to £17,990,338 at half-year 2011. Gross profit has grown from £2,310,995 to £4,389,716 in the same period, with net operating profit rising by 62% from £688,274 to £1,117,173.
ANS Group founder and chairman, Scott Fletcher, commented on the results, “We are delighted to see yet more growth at ANS Group. Since making an investment in both staff and infrastructure in 2009 we have seen consistent double-digit growth as the company has gone from strength to strength. These figures really underline all of the fantastic progress that we have made, we believe that we are now the UK expert in data centre provision and the deals that we have been securing with large organisations seem to confirm that. We are growing quickly in order to maintain this level of performance and, in these times of austerity, it makes us very proud to be a success story with all of the benefits to the wider economy that this brings.”
Operating costs at the company have risen by 102% from £1,622,722 to £3,272,543, Paul Sweeney, MD at ANS Group, said, “With the front-end growth comes a requirement to bring in more members of staff to administer and install the solutions that we are selling. ANS have always operated with a high-level of expertise across our technical staff and our recruitment policy over the past twelve months has not deviated from that fundamental principle. We are selling large, complex, multi-technology infrastructures and have seen many large deals come in over the past twelve months, including three recent contracts that will be worth almost £10m over the next five years. Records are falling almost as quickly as they are being set at the moment and it is a very exciting, vibrant place to be.”
Cash in the bank has also increased from £2,430,565 to £3,263,816 and Sweeney sees this as another positive reason to do business with ANS. “We don’t carry any debt so our customers can be sure that we can provide a stable partnership for them over the life of the solution.” Sweeney also commented that the company’s expansion into managed services is already showing positive results, “We have already landed one very large managed services contract and we hope to be able to announce the full details in the next few weeks. We said last year when we brought in a strengthened managed services team, including appointing Richard Gascoigne as managed services director, that we saw this as a major part of the future plans of ANS and things look very positive already.
“With our Infrastructure 3.0 data centre solution continuing its popularity in both public and private sectors, we expect to have even more impressive figures to announce following our year end on March 31st.”