Millgate thanks Sheffield as it keeps on growing

VAR is expecting to hit £41m in revenues for its current fiscal year - and claims it owes it all to its new location

Millgate is on track to see its revenues increase by 26 per cent for its fiscal year 2015, as it continues to benefit from the move to its Sheffield office.

The VAR is expecting to hit revenues of £41m for its current fiscal year, which runs to 31 July, which would be a jump from £32.6m in its previous year, according to Millgate's managing director Chris Calvert. The reseller has already achieved £17.74m in sales for the six months to January.

In 2010, Millgate moved from an office in Rotherham to its current headquarters in Sheffield, and Calvert told CRN this relocation coincided with a sharp rise in growth for the firm.

"We seemed to have a real boost when we moved to Sheffield and that's really when we started doing the 25 per cent growth. Up until that point it was maybe at 10 or 15 per cent per year, but when we moved to Sheffield, I don't know why it seems to have given us a lot more credibility in the market as we are now in a major city."

Founded in 1996, the reseller is partnered with Microsoft, HP and Cisco, among others, and Calvert said the firm is moving up the accreditations with those vendors.

The reseller is on track to do about £1.4m in net profit for its fiscal year 2015, according to Calvert.

The Millgate boss added: "The marketplace is absolutely massive and it's like there are so many golden eggs sitting out there and all you have to do is go and run around as quickly as you can and pick them all up. It's a phenomenal and really exciting market to be in."

Last year, Millgate revamped its recruitment arm, rebranding it as ChannelGate, and taking on 10 new staff.