Defibrillator machine supplier poised for more growth following healthy results
Defib Machines, a supplier of full service automatic external defibrillators (AEDs), has reported another year of improved profitability.
The Leeds-based business posted pre-tax profits of £460,140 (2022: £412,288) for the year to 30 June 2023 with turnover remaining consistent at £2.1m.
The business, which launched in 2015, said growing demand from both the public and private sectors for fully managed, low-cost AED solutions, was making its all-in-one solution attractive to businesses of all sizes, local authorities and community interest groups.
For the year to 30 June 2023, Defib Machines reported around 1,000 new contracts, while it continued to work with clients including holiday group Park Holidays, Culina Group, which is one of the largest logistics groups in Europe, and sportwear giant Puma.
Jonathan Gilbert, co-founder and managing director of Defib Machines, said: “These results are a testament to the hard work of everyone within the Defib Machines team.
“Whilst the strong financial performance is critical to the success of the business, I am pleased we continue to also judge our success on other metrics.
“This includes the fact that every device we have ever placed, which has had to be used, has worked successfully – something not guaranteed by others sadly.
“Our long-standing relationships with both clients and Stryker, the supplier of our AEDs, means we’re looking ahead with confidence to the future.
“It is our ambition that cost should never be a barrier to access to AEDs and we hope our defibrillators are rarely used, but when needed give anyone the power to save a life.”
Joe Lawrence, finance director, added: “Like all businesses the last 12 months have posed challenges due to the uncertainty provided by global events, the cost-of-living crisis and ongoing issues within the supply chain for AEDs.
“Despite this backdrop we have not only managed to consolidate our previous incredible growth, but also lay the foundations for further growth in our 2023/24 financial year, which has started well.”