A healthy increase in stock turnover rate and a double-digit rise in staff numbers helped Insight post healthy top- and bottom-line UK growth in 2010.
Reports filed with Companies House this week reveal that, for the 12 months to 31 December 2010, the Sheffield-based resale giant posted UK sales of £412.9m. This represents a 14.5 per cent increase on 2009. Pre-tax profit last year spiked 28.6 per cent to £8.9m. Net assets grew from £43.2m to £49.5m over the course of 2010.
During the year, the VAR greatly reduced inventory as a percentage of sales, increasing its stock turnover rate – which divides revenue by stock worth – to 81. This is up from 59 in 2009.
Staffing levels at Insight UK also shot up last year, growing from 729 to 833, which equates to a year-on-year increase of 14.3 per cent.
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