Final results for the year ended 31 July 2009
Highlights
- Profit before tax of £704,000 (2008: loss of £343,000), the first in the group's history.
- Revenue of £4,168,000 (2008: £2,614,000), an increase of 59% over the prior year.
- Deferred income of £2,673,000 (2008: £2,142,000).
- Strong cash generation.
- Remains debt free, with year-end cash balances of £2,858,000 (2008: £2,036,000).
- Acquisition of GetFit Technologies Limited which contributed £197,000 revenue and £91,000 profit before tax since acquisition in December 2008.
Chief Executive, Nigel Brabbins commented on the results
"I am delighted to have reported our maiden profit in a year of substantial progress. GetFit has now been fully integrated and is now making a significant contribution to profits. 'Beating the Blues' continues roll out to the NHS and post year end achieved a significant contract win in Northern Ireland. We are well positioned to exploit opportunities in overseas markets. The Board looks forward to further progress in the year ahead."
See the full text of the preliminary results for the year ended 31 July 2009.