Communications VAR Azzurri has made it onto a list of the UK’s most profitable privately-held firms for the second year running.
The company, which has made 16 acquisitions since its inception in 2000, finished 41st in the Sunday Times Profit Track 100 rankings after growing profit from £3m in 2003 to £13.4m last year.
Martin St Quinton, chief executive at Azzurri, said: “This is the most important of all the lists as growing profitability is the acid test of a business.”
Joe Doyle, marketing director at Azzurri, added: “We will continue on the acquisition path, but will buy a smaller number of companies with a much higher value.
“This will give us critical mass and help us achieve our objective of becoming a £450m turnover company by 2009.”
Bob Tarzey, service director at market-watcher Quocirca, said: “Acquisitions aren’t necessarily the best way to grow profits, unless it is done right. This shows that Azzurri is choosing good acquisitions and integrating them quickly and efficiently.”
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