Infrastructure and software solutions reseller, Trustmarque, today announced that it has reported record financial results for FY2010/2011. The company achieved a 35 percent increase in Profit before tax and 26 percent growth in Gross Profit compared to FY2009/2010. Turnover also increased from £107m to £115m.
Trustmarque’s services business increased in revenue by 176 percent from £7.1m to £19.6m. A major highlight of the year was undoubtedly winning the coveted title of Services Provider of the Year for 2011 at the prestigious CRN Channel Awards. The award recognises how Trustmarque has worked tirelessly to build a service model and is committed to service-led customer engagement, bringing in some of the most skilled and highly-prized talent in the market to focus on addressing customer’s business challenges and developing the breadth and scope of its offering.
“This has been another strong year in Trustmarque’s evolution, supported by high margin growth and cash generation,” comments Scott Haddow, CEO for Trustmarque. “Our financial results for the Year 10/11 demonstrate the underlying strength of the business we have created and validate our strategy of focussing principal activities on software solutions and associated services that increase efficiencies and reduce cost for our customers. Investment has been critical to building the business and this is something we intend to continue in the coming years.”
In November 2011 Trustmarque launched its new graduate training scheme to recruit new talent into the business and mould future leaders of the company. Trustmarque also created a Learning and Development Academy to up-skill staff by developing their sales and general business ability. The Academy is designed to provide training in each of Trustmarque’s core service offerings to ensure employees have the technical understanding and market knowledge to enable them to better serve Trustmarque customers.