Tech and data science company on track to hit £1m revenue for first time
Frame, a West Yorkshire-based technology and data science business, is forecasting robust growth over the next 12 months as it aims to hit £1m in revenues by the end of the next financial year.
Frame, which was established in 2020 by Liam Fulton and Hannah Bratley, is headquartered in Slaithwaite but works with clients across the UK and internationally.
Its team of end-to-end data experts, who include engineers, scientists and developers, work across two core divisions – Consultancy and Solutions.
In its first year, revenues stood at £61,000 which grew to £453,000 last year and resulted in a 641% increase in gross profits.
The business has also relocated to a new office at Globe Mill in Slaithwaite and upped its headcount to 10.
The move to Globe Mill was about preparing the business for its next phase of growth. The office provides enough space for the planned team expansion and delivers the option of additional flexible working capabilities.
Growth of the business has been driven with no outside investment with all profits being retained and reinvested.
Frame works with a range of clients in the banking and finance, retail (both bricks & mortar and online), logistics and distribution sectors. Its client roster includes NatWest, Sorted Group, ECO Surv and Smart Data Foundry.
Hannah Bratley, co-founder and CEO, said: “The last two years have seen rapid but sustainable growth which has been as a result of our vision and people.
“Our primary collective focus has always been on delivering for our clients whilst constantly innovating.
“That approach will never change, nor will our determination to remain independent. The decision to reinvest all our profits was an easy one, as it allows us to retain full control and build the business debt free.”
Frame’s Consultancy team works with clients to help them overcome their specific data related problems including designing and implementing data engineering pipelines, building pricing optimisation algorithms and delivering custom computer vision modelling which can be used to improve sales.
The business is also currently developing a brand-new image optimisation product for the e-commerce sector which will come to market in quarter one 2023.