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Communications firm ends bumper year with turnover up 11 percent

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Peter BoucherPeter BoucherTurnover at Swindon-based communications and IT solutions provider Excalibur was up 11 percent to £8.1million for year ending June 2018, according to figures released this week.

Underlying profitability increased by 15 percent rising from £1.3 million to £1.5 million.

The company said the results were due to its plan to scale the business, both through organic growth and strategic acquisitions, like its takeover of IT Services company Techs4Education and Swindon IT firm Sensata.

Excalibur said it was starting to see return on its investments into sales and customer service, with non-mobile revenues increasing by 28 percent compared to last year.

Its focus on mobile customer acquisition has resulted in a 54 percent increase in mobile connections in the second half of the financial year, compared to the equivalent period in 2017.

The year also saw Excalibur achieving a gold Investors in People marque, being recognised as a Sunday Times Top 100 Company to Work For, and raising more than £30,000 for charity. Company employees also received their first pay-out of the company £1 million bonus scheme.

Peter Boucher, Excalibur CEO, said: "“These are a very encouraging set of results and show our investment in the business is already paying off.

"We have had an incredibly busy year completing the MBO, integrating two new companies into the business and strengthening our sales and service capability.

"We are well placed for continued growth next year and are excited to be at the forefront of bringing ultra fast fibre network services to businesses in our home town of Swindon.”