Contact Us

Financial Accounts

Interim Results for the six months ended 30 September 2010

Highlights

> Turnover increased by 63% from £5.50 million to £8.98 million
> Gross Profit increased by 31% from £1.75 million to £2.30 million
> Operating Profit increased by 78% from £0.38 million £0.68 million
> Overhead increased by 18% from £1.38 million to £1.63 million
> Profit Before Tax increased by 38% from £0.49 million to £0.68 million
> Cash Reserves increased by 50% from £1.6 million to £2.4 million
> Annualised Recurring Revenues increased by 30% from £4.0 million to £5.2 million

Chairman's Statement

"It is with great pleasure that I announce the excellent half year results to 30 September 2010. ANS Group has shown tremendous resolve during a difficult recessionary period to achieve positive results for its shareholders: turnover has grown by 63% to £8.98 million and profit before tax has increased 38% to £0.68 million. The results follow the significant investments made in the business during the year ended March 2010. We have also seen the continued growth and development of our managed services business, and our annualised recurring revenues have grown by 30% to £5.2 million. This further demonstrates our success in developing our long-term business strategy.

During this period, as the downward pressure on margins has remained considerable, the board has continued to focus on the delivery of key solutions that demonstrate positive business-efficiency improvements with real cost savings. We move into the second half of the year with a healthy order book which we expect to flow through to the bottom line prior to the year end. Our success relies upon our solution-focused delivery teams whose professional dedication means that solutions of the highest quality and value for money are delivered to our customers. This commitment has led to a high level of positive customer feedback.

We have recruited eight additional members of staff since 1 April 2010 and still have vacancies for sales and technical people of the right calibre. I am confident that our credentials as a leading and innovative systems integrator and managed services provider, along with our highly respected reputation with our strategic vendors, provide the business a solid platform for continued growth."