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Manchester firm's medical sales investment pays off
27/07/2010
A leading technology firm has said that a £500,000 investment it made last year into medical sales staff and equipment, has shown its worth in significantly increased first quarter sales figures.
Manchester-based ANS Group said the investment had meant the full-year profits on 2009 were down, but that it had been a crucial move so that the company can achieve its aim of £30 million in annual sales.
ANS makes hardware and software systems that help bodies such as the NHS to save money in the long run by reducing overall IT costs.
Chairman Scott Fletcher shrugged off the prospect that public sector spending cuts could adversely affect the company, which derives 55 per cent of revenues from the public sector.
“They still have to renew equipment or buy new servers if they run out of space,” he said.
The company, which increased staffing levels by 20 per cent to a total of 80 last year, said more new positions are on the way to ensure a 100-strong workforce by the end of the financial year. It is also looking to expand its Manchester Science Park premises.
The group posted pre-tax profits of £1 million for the 12 months to 31 March against £1.523 million in 2009. Revenues climbed £1.2 million or 10 per cent to £13.3 million and gross margins edged up from 27.9 per cent to 29.5 per cent. Cash balances rose to a record high of £4.3 million, up by £1 million and ANS is debt-free.
Manchester-based ANS Group said the investment had meant the full-year profits on 2009 were down, but that it had been a crucial move so that the company can achieve its aim of £30 million in annual sales.
ANS makes hardware and software systems that help bodies such as the NHS to save money in the long run by reducing overall IT costs.
Chairman Scott Fletcher shrugged off the prospect that public sector spending cuts could adversely affect the company, which derives 55 per cent of revenues from the public sector.
“They still have to renew equipment or buy new servers if they run out of space,” he said.
The company, which increased staffing levels by 20 per cent to a total of 80 last year, said more new positions are on the way to ensure a 100-strong workforce by the end of the financial year. It is also looking to expand its Manchester Science Park premises.
The group posted pre-tax profits of £1 million for the 12 months to 31 March against £1.523 million in 2009. Revenues climbed £1.2 million or 10 per cent to £13.3 million and gross margins edged up from 27.9 per cent to 29.5 per cent. Cash balances rose to a record high of £4.3 million, up by £1 million and ANS is debt-free.
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