Distributor claims growth has been driven by recent acquisitions
Chess Telecom has released its latest financial report showing an increase in turnover and earnings at the end of 2015.
The airtime distributor, which has 450 staff, reported a rise in annual turnover by 33 per cent to £74 million. EBITDA also grew by 13 per cent to just over £14 million.
Chess CEO David Pollock (pictured) claims the growth has been driven by recent acquisitions enabling it to offer cloud and ICT services. He said: “2015 saw us continue to reduce our reliance on fixed line call revenues with a real focus on growth in cloud and ICT product sales.”
The Alderley Edge-based company has made over 80 acquisitions in the last decade. It purchased Avenir in 2014, which added over 78,000 mobile connections and 200 resellers. Other acquisitions made throughout 2015 include IRW Systems, Parachute IT, elbillz, Integra ICT and the CRM Business. Chess recently secured a £50 million investment from Barclays to support further acquisitions.
Pollock added: “We are proud to have built a long-term and sustainable business, one which continues to grow organically and by acquisition, building on a solid infrastructure based on people, processes and product.”