B2B International makes a flying start to the year

NORTH WEST market research and business intelligence agency B2B International says it made a flying start to 2013.

The Stockport company which has more than 60 staff and has offices in London, China and the US, says revenue in the first three months of this year is up 108% year -on-year to £1.7m.
 
Q1 2013 is now the second-best ever in B2B International’s history, bettered only by the last three months of 2012, where sales of £1.9m were achieved.

Chief executive Matthew Harrison said: “It is hard to single out highlights from these results as revenue in the UK, US and Asia-Pacific all increased by over 100% on Q1 of 2012.

“In addition, our medical division has seen enormous growth since summer 2012, and the proportion of our revenue represented by ongoing contracts rather than ad-hoc work has increased fivefold in less than two years.”

B2B International posted record results for 2012 . Sales grew  28% to £5.1m while earnings before interest, tax, depreciation and amortisation (EBITDA) jumped to £1.2m from £700,000.