Breaking: GB Group plc’s profits pass £13m as international growth continues

Data intelligence business GB Group plc has achieved profit growth on the back of a widening international footprint.

In the year to March 31 2018, the Chester-headquartered company generated a profit before tax of £13.4m, a 33% increase on the previous year’s £10.1m figure.

Revenues came in at £119.7m, up 37% compared to £87.5m in the 2016/17 year.

GB Group uses data records to help clients make better decisions over their employees and customers.

The company’s global presence showed a marked increase in its latest financial results, with international revenues now accounting for 34% of its total sales, up from 31% last year.

GB Group said it also continues to make “significant progress” across the EMEA and APAC regions.

Chris Clark, chief executive at GB Group, commented: “This has been another year of healthy financial performance.

“Last year I expressed confidence that we could capitalise on market opportunities through our clear strategy, strong leadership, good customer relationships, new acquisitions, new products, and investment in our people.”

He added: “We’ve made good progress delivering sustained growth in our core business, with acquisitions from recent years playing a significant part.”

Technology, Mr Clark explained, remains the firm’s “key driver” of change.

He continued: “We’ve increased our focus on how we can exploit technology-driven innovation through a range of ‘build and buy’ models.

“We’re investing in our own platforms, to make us more agile and efficient, with cloud, microservices and InfoSec as key priorities. We’ve also been broadening the data sets we use, while enhancing our capabilities in product innovation.”

GB Group now employs more than 800 staff across 18 countries.