85 Elite Group

Doug Woodburn
clock • 1 min read

Key points

Revenue: £50.1m (-6%)

Net profit: 0.4%  Staff: 186

This Lancashire-based Mitel partner's 2019 numbers were hit by customer churn stemming from efforts to switch focus from legacy to growth products, as well as the loss of a large, low-margin client, Liberty Global. It also swallowed a £1.13m loss relating to the investments it holds in quoted stocks, including competitor Maintel. Consequently, net profits for its year to 31 July 2019 fell from £1.9m to £190,000, while revenues dipped six per cent to £50.2m.

Key points

Revenue: £50.1m (-6%)

Net profit: 0.4%  Staff: 186

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