Strong year at Maintel sees revenue swell by 21%
Strong financial performance stemming from recurring revenue complemented by selective acquisitions
London, UK – 08 April 2016: Leading systems integrator and managed services provider Maintel today announced revenues for 2015 of £50.6m, rising from £41.9m in 2014.
The 21% boost in revenue reflects the continuing success of integrating its Datapoint and Proximity acquisitions with recurring revenue at 69%.
Adjusted earnings per share grew 29% to 60.3p and the management’s confidence in the progression of the business is reflected in a 42% increase in the second interim dividend. Adjusted profit before tax was £7.3m (2014: £6.1m), a 19% increase year on year.
Eddie Buxton, CEO of Maintel Group, said:
“2015 was another successful year for the Maintel Group, which once again saw strong sustained margins. This was also the first year that Proximity, which we acquired in 2014, became fully integrated, with further cost synergies realised during the year. Contact centre and network services were particularly rewarding growth areas for us over the past year.”
Over the course of the last 12 months, Maintel has launched a new Partner Services division to help the channel win service, support and managed business. It has also seen public sector success, being appointed as a supplier on the G-Cloud7 framework and on the Crown Commercial Service’s Network Services framework agreements.
Eddie Buxton added:
“This year the Maintel Group not only won its largest ever contract but we also had a number of fruitful wins via competitive tendering, allowing us to enter the 2016 financial year in a strong position as we continue to see a healthy pipeline of opportunities come through.”
Maintel’s current group sales director Stuart Legg and current consultant Mark Townsend are joining the company’s board as group sales and marketing director and chief financial officer respectively, while Dale Todd, the current finance director, is stepping down but will remain with Maintel as company secretary.
Maintel is a leading systems integrator and managed services provider, delivering best-of-breed communications solutions to a broad spectrum of businesses in the UK and internationally.
Maintel’s core expertise encompasses unified communications, contact centre solutions, workforce optimisation, networking & security, mobile and connectivity services. By combining skills and technologies from vendor and carrier partners with the highly accredited capabilities of its in-house experts, Maintel provides complete end-to-end solutions delivered on-premises or via the cloud to a broad spectrum of businesses in the UK and internationally.
Jon Bawden / Kate Anderson
Cohesive Communications (on behalf of Maintel)