Softcat bursts through £200m barrier

Reseller posts nigh on 40 per cent top-line growth to pass landmark with two weeks to spare

Reseller Softcat has soared past the £200m annual turnover mark with two weeks of its fiscal year to spare.

The Marlow-based VAR's financial year closes at the end of this month and staff will today be plied with food and drink to celebrate passing the sales landmark. In its 2010 fiscal year, the firm's top line stood at £146m and the directors' report for the year indicated it was budgeting for sales of £187m this year.

Softcat managing director Martin Hellawell (pictured below) said: "I never dreamed of getting to the £200m mark this financial year, which shows how rubbish we are at forecasting. This is a fantastic achievement, and it is quite right that we celebrate it properly."

Softcat has doubled in size since passing £100m in turnover just three years ago, with all the growth coming organically. The firm puts its success down to keeping the business simple and maintaining a stellar employee retention record.

"I would like to thank all our staff for their hard work and commitment, striving to delight our customers with service levels, and our customers for the privileged relationships we enjoy with them and their continued loyalty," added Hellawell. "A couple of our partners have been all right as well."