The Channel logo

News

By | Paul Kunert 11th September 2012 10:11

Trams crashes through £20m sales barrier

Apple and HP reseller stays on track despite economy

London-based reseller Trams breached the £20m sales barrier for the first time in its calendar 2011, a filing at Companies House shows.

The Apple Authorised Reseller and HP Gold Specialist grew turnover 13.7 per cent year-on-year to £21.7m, including £217,600 from export sales.

As a result of the top-line spike, operating profit for the 12 months ended 31 December went up by nearly 40 per cent on the year before to £627,000.

In a director's report accompanying the results, the firm said it was "pleased to report another profitable year for the group, despite difficult trading conditions".

Net cash flow from operating activities was £926,000 compared to an outflow of £389,650, it had £659,700 cash in the bank and net debt fell to £1.5m from £1.94m.

The staff headcount fell by four to 25, but wages, salaries and social costs increased to £1.25m from £1.13m.

Trams, which was founded in 1990 by Hugo Kirby and Wendy Howland-Jones, was sold to the management team including directors Warren Peel and Alex Page in 2003.

Earlier this year Trams swallowed the UK operation of Cancom AG for an undisclosed sum to widen its reach in the education and corporate biz markets through its Enterprise Solutions wing. ®

alert Send corrections

Opinion

Killer whale

Chris Mellor

Firm cites 'low demand' plus 'abusers'

Tim Worstall

Or why the reversal of globalisation ain't gonna 'appen
The full Spanglish breakfast: mealy pudding, bacon, black pudding, sausages, fried egg, toast
Blood image

Trevor Pott

Can the storage giant overcome a lack of necessary leadership?

Features

No, silly... he was the fall guy for years of Finnish folly
Fraud image
Frodo and the Ring
Microsoft's strategy is to make Store apps popular. Good luck with that