Group revenue grew by 69% from £24,516,225 to £41,449,898
EBITDA increased by 376% from £655,735 to £3,119,108
Operating profit increased by 530% from £360,072 to £2,268,127
Triple EMEAR and UKI award-win at Cisco Partner Summit 2018
Over 5000 consultancy days sold
Managed service revenue growth of 44%
Block Group announces a year of exceptional growth with revenues increasing by 69% to £41.45m for the financial year ended 30th June 2018. Resultant operating profit increased by 530% to £2.27m with EBITDA increasing by 376% to £3.12m.
The Group continues to provide expert consultancy as a key part of its focus on large transformation programmes, with over 5000 days sold within the reporting period. This approach is centered on building trusted relationships with forward-thinking clients, and has resulted in the achievement of several high-profile ‘industry first’ engagements.
The Group’s commitment to quality outcomes, vertical expertise and innovation has also been recognised by Cisco in the recent triple-award of EMEAR Vertical Solution, UKI Public Sector and UKI Architectural Excellence Partner of the Year. Clients include several high-profile brands such as Harrods, Nike, Westfield, The Francis Crick Institute, Barts Health NHS Trust, Imperial NHS Trust and Nottingham University Hospitals NHS Trust.
Managed Services remain fundamental to the group’s approach, offering clients invaluable support in adopting and optimising their technology investments. An increase in the number of high-quality, multi-year service agreements is reflected in revenue growth of 44%.
“With new leadership and direction, we have been resolutely focused throughout FY2018 and it is wonderful to see this reflected in our results”, explains Marc Chang, CEO. “Our commitment to high-quality strategic engagements, and delivering sustained innovation within our specialist markets has been uncompromising throughout the year. We remain dedicated to exceptional service and true transformation, made possible by our wonderful team of talented, hardworking and committed people. I look forward to continuing to lead Block through this next exciting period of growth”, Marc concludes.
The Block Group comprises of Block Solutions Limited (the Groups principal trading Company) which is owned by Block Technology Holdings Limited. The Block Group acquired The Innov8 Partnership in 2017 and all Group subsidiaries are IT innovation organisations, together offering expert consultancy, business transformation and managed services that empower clients to succeed. Combining deep vertical market expertise with proven technical capability, the Group works in partnership with clients to help increase productivity, accelerate growth and deliver outstanding user experiences.