Kelway inches closer to £300m goal

Integrator's latest financials reveal a 46 per cent growth in turnover as it builds up managed services offering

Kelway claims it has smashed its FY2010/11 targets as it reports organic growth of £55m.

The London-based integrator saw revenue increase 46 per cent compared with its 2009/2010 financials to £260m.

This increase is attributed equally to expansion of its managed services business, coupled with an increased market share, and is the firm's eighth successive year of growth.

Operating profit also increased 37 per cent to £9m for the year, compared with £6.6m the previous year.

Phil Doye (pictured), chief executive of Kelway, said: "Kelway has established itself as a credible alternative to existing providers in the UK IT services and solutions market. Clients have confidence in Kelway's capabilities as a long-term partner providing support across all IT functions.

"Following the acquisition and successful integration of ISC, Kelway has continued to capitalise on the burgeoning trend for the provision of managed services."

Dan Laws, managing director of Kelway, added: "Kelway's strong financial position allows us to invest heavily in our technical capabilities and managed services offering. By maintaining the agility to respond to the evolving IT landscape, the company continues to adapt to meet the needs of our clients.

"As a result, we are in a strong position to continue to grow our market share and win high-value, long-term contracts with leading UK enterprises."

The integrator revealed it will continue to reinvest profits into its managed services offering, including building a new services centre in Peterborough.

The firm said it is "on track" to reach projected revenue of more than £320m by the end of its 2011/2012 financial year.