Edge-ing Ahead
A software testing firm that lists Heineken, Historic Scotland and Ignis Asset Management among its clients is set to double its turnover this year after swinging into the black during 2010.
Edge
Testing turned a £1,000 pre-tax loss in 2009 into a £132,000 profit last
year after winning a series of high-profile contracts.
Sales more than doubled during 2010 - from £513,000 to £1.2 million - and the firm expects to do the same again this year, taking revenues through to £2.5m.
Edge
Testing, which was launched in 2007, recently signed a three-year deal
with the Scottish Government, making the company one of its suppliers
for computer applications and web development services. Co-founder
Brian Ferrie said: "This has been an exceptionally good year for us and
we are delighted to be in a position where we can really drive the
business forward in 2011.
"We did exactly what we said we would
do six months ago and hit our year-end target of £1.2m on the nail. We
are hugely excited about the future and the next 12 months will see us
introduce a number of products."
Other clients include Baillie
Gifford, Kwik-Fit Insurance and Robert Wiseman Dairies, as well as
public sector bodies such as Business Stream, the Scottish Environmental
Protection Agency (Sepa) and the Student Loans Company. Edge Testing recently moved to the Maxim business park in Lanarkshire.
The latest financial figures build on a turnaround for the company that began in the second half of 2009.
After
posting a loss of £50,000 in the first half of 2009 on the back of
£107,000 of sales, the firm went on to record a pre-tax profit of
£49,000 in the final six months of the year, with second-half turnover
jumping to £406,000.
News of Edge Testing's profits came as 20
Scottish technology companies head out to Barcelona for the World Mobile
Congress, which begins today. A record number of Scots firms are
aiming to grab a share of the growing smartphone market. Scottish
Development International - working with Interactive Scotland and the
Enterprise Europe Network - has set up meetings with groups including
Vodafone, Blackberry-maker RIM, Orange and O2.
For full News Story please see: Scotsman