Polar Moment Group reports a year of strong results and expansion
Polar Moment Group today announced excellent financial results for the year ending 31st March 2010. The Group has achieved a 62% increase in revenue and a 35% increase in earnings*, fuelled by repeat business from existing customers and new business wins across its SkillSet and Polar Moment brands. The Group's turnover has grown to almost £4million in the last financial year.
Tim Stratton, Chief Executive of Polar Moment Group, commented: "It has been an exceptional year for us, as evidenced by our growth in our target markets and strong financial results. Our results are testament to the expertise of our staff and continuing commitment to providing high-quality services to our clients.
The group has had an excellent first quarter in the new financial year; we anticipate a similar level of organic growth as last year.
Building on our success, we recently announced the acquisition of Inex Business Process, which has now been rebranded as SkillSet Consulting. We will continue to seek acquisition opportunities to accelerate profitable growth."
* Earnings before interest, tax, depreciation and amoritisation (EBITDA)
