Next Ventures gross profit up 7.2%
A summary of the Group’s 2015 half-year financial highlights include:
• Overall company Gross Profit (GP) up 7.2%
• Contract business GP up 11% against same period last year
• A record Q1, with a 14% up-lift of deals on the previous record Quarter in 2014 and a 33% increase of deals written against Q1 of last year
• Period end Group head-count up 12%
The first-half of 2015 has seen Next Ventures’ overall new business sales increase by 12% over the same period last year where it also produced a record Q1 in deals written across the Group, exceeding its previous record Quarter in 2014 by 14%.
The Group continues to yield strong, consistent performance internationally, with 65% of total business generated overseas in the first-half whilst in the same period the Swiss, German and Brazilian operations performed ahead of projections.
Richard Lacey, co-founder of Next Ventures, explains “In our first-half, we made decided investments to support the continuation of our consistent year-on-year growth. Investment in recruitment has allowed us to rapidly establish specialist teams focusing on emerging, fast-growing niche technologies in specialisms including Digital and Embedded Software. Investment in learning and development has gained us the dedicated resource, skills and ongoing budget per capita to ensure optimum competencies are advanced throughout the Group.”
Lacey continues “Alongside investing into our people and skills, we have maintained our above industry average margins, increased our levels of new business sales against target and maintained our exceptionally high levels of client retention. For the remainder of the year, we are confident we will continue to increase our overall Gross Profit across the group, maintain our strong margin base and continue to increase new client wins whilst delivering a first-class service to our world-wide client base.”