Strong start for Sanderson
SOFTWARE and IT services group Sanderson has made a strong start to its new financial year with sales and profit for the first four months ahead of the same period last year.
In a statement before its AGM today, chairman Christopher Winn said: “Following a strong finish to the financial year ended September 30, 2012, I am pleased to report that Sanderson has made a solid start to the current financial year. After the first four months trading to January 31, 2013, both sales and profit are ahead of the comparative period of the previous year.”
He said the group, which has operations in Sheffield, would continue to focus on those market areas which offered the best prospects for growth.
“Sanderson has a robust business model with over half of group sales being derived from pre-contracted recurring revenues, the margin from which covers just over two-thirds of business overheads,” added Mr Winn.
“The group has the focus, the commitment, as well as, the products and services to deliver practical, value for money solutions to customers and prospective customers in the multi-channel retail and manufacturing market sectors.”
