Xantus profits up 58% before sale to KPMG

CHEADLE-based IT consultancy Xantus celebrated its last year as an independent company with an impressive hike in turnover and profits.

The 77-strong business – which was acquired by accountants and business advisers KPMG last month – grew profits before exceptional items 58% to £2.4m in the year to June 30.

Turnover soared 39% to £16m as new IT procurement advisory contracts with major corporates and government departments were won.

Xantus specialises in helping businesses to make IT work harder for them, by making IT systems run more effectively.

Chairman Stephen Ross heralded a “very strong” performance and added: “These results follow 11 years of successful growth and continue to reinforce the position of Xantus as a leading player in the market for IT advisory services to large private and public sector organisations.”

Ross said the figures represent a ‘very strong platform’ for the continued growth of the business, which at year end had £4.2m in its coffers.

Xantus was founded in 2000 by chief executive Steve Watmough who is remaining with the business post acquisition and has become head of CIO Advisory at KPMG’s management consultancy arm.