Comparex UK posted solid top- and bottom-line growth during its 2012 fiscal year as it swelled sales to join the £25m club.
According to figures recently filed at Companies House, for the 12 months to the end of March the software licensing specialist saw turnover grow 14.2 per cent annually to £25.4m. Operating profit spiked six per cent to £409,112, equating to operational margins of 1.6 per cent.
Comparex's net current assets rose more than £430,000 over the course of the year, standing at more than £3m by year-end. Average monthly employee numbers grew slightly over the year from 31 to 33.
The vast majority of the firm's revenue came from within the UK, but sales into the European Community rose 13.7 per cent to almost £1.3m. Revenue from the rest of the world was up more than 80 per cent, but still stands at a fairly modest £280,000.
During the 2012 fiscal year the firm changed its name from PC-Ware to that of its German parent. The director's report for the year expresses pleasure with the firm's FY12 performance, and targets expanding margins during the coming months.
"The director is pleased with the performance and balance-sheet position of the company and looks forward to increased profitability in the ensuing year," says the report.
View pictures of all of last night's fights
Acquisitive comms provider swoops on Frontier Voice & Data and StoneHouse Logic
Cybersecurity firm rakes in £3.6m for unwanted unit
Results, reaction and pictures from last night's CRN Fight Night