ANS chalks up 11th year of profit growth
ANS Group, a managed and hybrid cloud service provider with offices in Manchester and London, is reporting reports its 11th consecutive year of profit growth with the release of its financial results for the 12 months to the March 31.
Its results show that while turnover remained constant at £47m, the business has continued its shift towards delivering higher margin managed services. EBITDA increased by 20.8% to £5.8m (2014 :£4.8m) and profit before tax increased 22.1% to £5.2m (2014: £4.3m).
Managed services contracted gross profit has increased 35% to £7.3m (2014:£5.4m) and this continues to be the strongest growth area of the business and typically involves long-term contracts and recurring revenues.
Chief executive Paul Sweeney said:“Our fully managed infrastructure service saw the biggest area of growth as the company continues to deliver world class standards of service management in this area.
“Further investment has been made to ensure that the data centre and network capacity is geared for growth and that all of our team are equipped to meet the high serviceability needs of our customers’ critical systems.”
ANS has enjoyed significant new business wins in both public and private sector from organisations such as Guys and St Thomas NHS Foundation Trust, Maritime & Coastguard Agency, Salford City Council, Greencore Group, Opus Energy and First Choice Housing Association.
Significantly, ANS won a place on the Crown Commercial Services frameworks for IT products and services as well as the G-Cloud framework enabling it to tender for public sector business, on which it has had a number of successful wins.
Chairman and founder Scott Fletcher said: “Looking ahead to 2016, we remain confident in the development and direction of our managed services
“As organisations continue to focus on delivering business value IT, we must provide a visionary platform, which adopts innovative technologies allowing for scale and growth.
“The recent launch of our RAPID Private Cloud solution will see customers realise the value of their investment much faster than before.”