Excalibur Communications has capped a busy financial year – in which it completed an MBO and acquired two businesses – with an impressive set of results showing turnover up by 11% to £8.1m for the year ending June 2018, with underlying profitability increasing by 15%, up from £1.3m to £1.5m.
According to CEO Peter Boucher the results indicate that the company is delivering on its plan to scale up via organic growth supported by the acquisitions of Techs4Education and Sensata.
Excalibur has also invested in sales and customer service and witnessed non-mobile revenues increase by 28% compared to last year, while mobile customer acquisition has spurred a 54% increase in mobile connections in the second half of the financial year.
“These results show our investment in the business is already paying off," stated Boucher. "We are well placed for continued growth next year and are at the forefront of bringing ultra fast fibre network services to businesses in our home town of Swindon.”
Other achievements this year include Investors In People Gold accreditation, recognition as a Sunday Times Top 100 Company to Work For and raising over £30k for charity. Employees also received their first pay out from the company's £1m bonus scheme.