Member Article

Access Group celebrates strong financial results

Access Technology Group has enjoyed another successful year, reporting turnover of £53.5 million (2013: £43.3 million) and a 29 per cent increase in Earnings before Interest, Tax, Depreciation and Amortisation (EBITDA) to £11.6 million. These results are underlined with continuing strong organic growth of 12 per cent.

Chris Bayne, CEO for Access, says, “We’ve seen substantial growth over the past 12 months with good all round performances of our core solutions, alongside the strong growth of our cloud platform aCloud. We continue to invest heavily in internal product development and undertake strategic acquisitions which complement our existing product stack.”

Access completed seven acquisitions during the year including its largest remaining reseller and a payroll services provider, as it continued its strategy of selling direct to customers and expanding its portfolio.

Chris says, “Our organic revenue growth and contributions from acquisitions exceeded our planned performance for FY14. On top of this our SaaS solutions continue to grow at an incredible rate, with revenues increasing 323% year on year.”

The Group strategy is to provide a range of integrated business management solutions that can be installed on-premise or delivered through the cloud to best suit customer requirements, enabling them to benefit from a fully-integrated combination of configured work flow applications, on premise and SaaS solutions. The success Access is experiencing has been acknowledged with nominations in 2014 in the following awards:

• Growth Business of the Year - UKTech Awards
• ICT in Manufacturing – Manufacturer of the Year Awards (with customer Burts Potato Chips)
• Accounting Product of the Year – Construction Computing Awards
• London Stock Exchanges 1000 Companies to Inspire Britain
• International Track 200 – placed number 63 on international sales growth
• Sunday Times Top 100 Best Companies to Work For 2014

“We’re absolutely delighted with these latest results, they put us in a very strong position to deliver on our future growth strategy, building on the momentum achieved to date. Alongside this growth we’re also an employer of choice which demonstrates that investing in people adds to the success of any growing company,” concludes Chris.

Access has been on a fast growth path since its Lyceum Capital backed MBO in March 2011 which has delivered ongoing double-digit growth. It remains strong in a broad range of industries with particular expertise in professional services, manufacturing and distribution, not for profit, and health and social care.

This was posted in Bdaily's Members' News section by Access Group .