Access Smashes Financial Targets for the Year

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Access Technology Group (ATG), the parent company behind mid-market consulting, software, and solutions provider, Access UK, has seen a strong rise in its revenue and profit targets for the financial year 2009/10, achieving 17 per cent profit before tax.

The underlying business growth has been driven by a combination of organic growth and acquisitions. This puts us on a strong financial footing, enabling continued investment and growth for the future.

Access Technology Group (ATG), the parent company behind mid-market consulting, software, and solutions provider, Access UK, has seen a strong rise in its revenue and profit targets for the financial year 2009/10, achieving 17 per cent profit before tax.

Despite the recession, ATG has also continued to outperform against its other key performance indicators:

  •     Profit before tax increased by £2.5m (146 per cent) to £4.25m (£4.38m EBITDA)
  •     Turnover increased by £1.5m (6 per cent) to £24.6m

ATG and Access UK Chairman Paul Druckman commented, “The underlying business growth has been driven by a combination of organic growth and acquisitions. Our bank balances remained strong at £2.25m after paying for acquisitions from retained reserves. This puts us on a strong financial footing, enabling continued investment and growth for the future.”

In February 2010, ATG completed the acquisition of Select Software Ltd (now Access Select), the authors of SelectHR which shares the SQL Server and .NET technology footprint of the Access portfolio. This business, including all of its people, systems and infrastructure, has been fully integrated into Access UK. The software has also been closely integrated with the Access product portfolio.

Access has continued to invest significantly in R&D throughout the recession adding new products and completing comprehensive enhancements to the current portfolio. During the last 12 months, Access has released a new stock forecasting module and a significant upgrade and extension of its workflow forms application. Access Document Management Pro was launched and the iPhone for FocalPoint application was extended to include timesheets and expense management. In addition to functionality updates across the range, the graphical user interface has been brought into line with the recent Microsoft Office releases.

Paul continued, “The trend in customers investing in organisation-wide solutions has continued throughout 2010, automating niche processes, integrating systems within the business and providing a return on investment in areas where it was not previously cost effective to do so.

“We’re always looking to extend the portfolio and to take our solutions to the next level, providing new ways to help businesses gain a competitive edge,” said Paul. “The current financial year will see the launch of the first of a series of cloud-based applications. This coincides with the launch of a web services layer which allows Access solutions to integrate with both on-premise and cloud-based applications.”

Access transformed its business model more than a year ago, from that of a channel-only accounting software house which makes some direct sales to that of a direct selling consulting, software and solutions provider that has some channel operations. Having added 50 new staff in the last 12 months the company now has one of the largest consulting teams dedicated to the UK mid-market for business and accounting software.

As a company, Access continues to place environmental responsibility as a central factor in how it runs the business. From development through to operations, it seeks to help itself and its stakeholders to be aware of, and to reduce, carbon impact. Its Accounting for Carbon Emissions (ACE) module continues to win awards and gather momentum in the market. Earlier this year, ACE won the 'Environmental Accounting Software of the Year' in the Green IT Awards.

Just this month, Access picked up two further prizes at the SIFT Media Software Satisfaction Awards 2010. Access Dimensions and SelectHR won the 'Enterprise Accounting & Finance' category and ‘SME Human Resources & Human Capital Management' category respectively. Both awards were voted for by customers.

For more information on Access call 0845 345 3300 or visit http://www.theaccessgroup.com. Alternatively, keep up-to-date by following Access on twitter, http://www.twitter.com/theaccessgroup.

About Access

  •     Access is a consulting, software and solutions provider, serving the mid-market
  •     The consulting services are backed by more than 75 accredited consultants, providing business software expertise. They operate nationally out of 10 offices in the UK and Ireland
  •     The software portfolio provides solutions to meet the needs of the whole organisation, helping to reduce complexity and increase efficiencies at every level. In addition to accounting and finance, Access also offers manufacturing software, professional services automation, and accounting for carbon emissions reporting. Other software solutions include distribution and warehousing, HR and payroll, document management, service and contract management and CRM and sales automation

Accreditations and memberships

  •     Microsoft Gold Certified Partner
  •     Institute of Chartered Accountants in England and Wales (ICAEW)
  •     Business Application Software Developers Association (BASDA)
  •     HM Revenue & Customs: Payroll Standards Scheme

Awards

  •     SIFT Media Software Satisfaction Awards 2010 for ‘Enterprise Accounting & Finance’
  •     SIFT Media Software Satisfaction Awards 2010 for ‘SME Human Resources & Human Capital Management’
  •     FrontRange Partner Awards 2010 for ‘CRM Partner of the Year’
  •     Green IT Awards 2010 for 'Environmental Accounting Software of the Year'
  •     SIFT Media Software Satisfaction Awards 2009 for ‘Green Software Provider of the Year’
  •     Manufacturer of the Year Awards 2009 for 'IT in Manufacturing', won by customer Renthal for its use of the Access Supply Chain solution
  •     Construction Computing Awards 2009, 'Construction Accounting Software of the Year' and shortlisted for 'Environmental Product of the Year'
  •     Accountancy Age Award 2008 and 2009 for the best 'Mid-tier Software Package'

Media information

Helen Carpenter
Head of Group PR
Access UK Ltd
T: +44 (0) 1206 322575 / 07833 936311
F: +44 (0) 1206 322956
E: helen(dot)carpenter(at)theaccessgroup(dot)com    
W: http://www.theaccessgroup.com

Tim Cole
PR Executive
Access UK Ltd
T: +44 (0) 1206 322575
F: +44 (0) 1206 322956
E: tim(dot)cole(at)theaccessgroup(dot)com
W: http://www.theaccessgroup.com

Access.191010.HC.BusinessResults2010

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Tim Cole
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