Comms-care eyes future managed services growth

Channel services provider grows partner base and celebrates 33 per cent revenue increase for latest financial year

Comms-care has claimed the integration of its latest acquisition Platform Consultancy was ‘seamless’, as it lauds its latest financial results.

The firm acquired Platform Consultancy for an undisclosed sum last summer, and claimed the move would make it a £30m turnover company.

Its latest FY 2014/15 results show turnover of £26.1m, up from £19.6m the previous year, bringing CAGR for the past five years to 35 per cent.

And Comms-care claims nearly half of its revenues were derived from managed and professional services, with the remainder generated from maintenance services.

Operating profit increasing 13 per cent for the year from £3m to £3.4m, it revealed. It also grew headcount over the past year to 204 staff, and has grown its channel base by 14 per cent to more than 800 in the UK and Ireland.

Ben Davies, managing director of Comms-care, said: “We have taken decisive steps over the past 12 months to respond to big changes in the technology industry, which saw our channel partners requiring access to a broader range of professional and managed services to sell on to their customers.

Meeting these new demands for professional and managed services will help us deliver on our strategic plan to be the leading channel only IT services provider.”

Peter Lloyd, chairman of Comms-care, said: “Once again we are very pleased to report another year of continuous growth for Comms-care, thanks to the hard work of the team and our investment in strong relationships with key vendors and resellers. We are particularly pleased with the seamless integration of the Platform Consultancy team into the company, which has enabled us to develop a broader range of high value professional services to offer our partners.

"Following the successful acquisition of Platform Consulting, we will continue to invest in the skills and capabilities required to grow our professional services and managed services business, which already equate to nearly half of our revenues.”