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Our Financials

Red Snapper continues to trade in a position of financial strength. 

Our early years saw rapid growth in turnover and strong profitability as the business quickly gained market share and brand value.

In the second phase, the significant accumulated profits have been effectively capitalised upon as the business ploughed investment into its people, infrastructure and branding.  This investment has enabled the execution of the management teams plans to develop a wide product offering allowing consultants to provide a consultative approach and value for money to clients throughout recessional years.  The result has been a very sound return on our investment with an increase in turnover and profitability in our core business in our last financial year despite the recessional environment. 

We are a privately held company and our financial probity means we have always maintained a strong cash position allowing us to operate without the tie of third parties such as factoring organisations.  This financial independence and war chest enables the management team to continue planning for growth with pending expansion of both product and market offerings.

At the heart of our projections for the next three years are plans to continue to drive profitability by exploiting the strength of our diversified product portfolio and market penetration.   These plans are coupled with a mission to expand both product and market position through an acquisition strategy.

Summary of financials 

Year to 31 May:

 

           

 

2005

2006

2007

2008

2009

2010

Turnover

 

247,715

1,213,595

2,964,036

5,233,434

6,412,092

6,566,581

Operating Profit

 

51,725

101,164

366,856

452,052

100,575

144,479

 

Helen Midwinter

Finance Director

Our accreditations:

REC Reg No - 2009/541
ISO Accreditation
Certificate Number 11960
ISO 9001:2008
Cricket Sponsor