Access Group celebrates strong financial results
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Also posted on: The Holloway Angle
Access Technology Group have announced that they have enjoyed another successful year, reporting turnover of £53.5 million and a 29% increase in Earnings before Interest, Tax, Depreciation and Amortisation. These results are underlined with continuing strong organic growth of 12%. Chris Bayne, CEO for Access, said “We’ve seen substantial growth over the past 12 months with good all round performances of our core solutions, alongside the strong growth of our cloud platform aCloud. We continue to invest heavily in internal product development and undertake strategic acquisitions which complement our existing product stack.”
During the year, Access completed seven acquisitions. These included its largest remaining reseller and a payroll services provider, as it continued its strategy of selling direct to customers and expanding its portfolio. The Group strategy is to provide a range of integrated business management solutions that can be installed on-premise or delivered through the cloud to best suit customer requirements, enabling them to benefit from a fully-integrated combination of configured work flow applications, on premise and SaaS solutions.
Access received the following nominations for awards in 2014:
- Growth Business of the Year – UKTech Awards
- ICT in Manufacturing – Manufacturer of the Year Awards (with customer Burts Potato Chips)
- Accounting Product of the Year – Construction Computing Awards
- London Stock Exchanges 1000 Companies to Inspire Britain
- International Track 200 – placed number 63 on international sales growth
- Sunday Times Top 100 Best Companies to Work For 2014
Access has been on a fast growth path since its Lyceum Capital backed MBO in March 2011, which has delivered ongoing double-digit growth. It remains strong in a broad range of industries with particular expertise in professional services, manufacturing and distribution, not-for-profit, and health and social care.
Bloor see Access has one the biggest success stories of a UK company in the Application Package space.