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The Barcode Warehouse Announces Impressive 2015-16 Financial Results

Posted: 02/08/2016 10:32
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  • The Barcode Warehouse announces impressive 2015-16 financial results.
  • 18% organic revenue growth.
  • £800K+ investment in new IS infrastructure.
  • The company maintains its market leading position as an enterprise grade/rugged mobile device managed service provider.

The Barcode Warehouse Limited (TBW), a privately owned industry leading provider of managed services, enterprise mobile device technologies, barcode printer systems, labels and RFID tags announced it’s 2015-16 financial results today.


Overall sales grew by 18% to a record high of £43.8M. Underpinning this growth was strong performances across all of TBW’s business units, reinforcing the industry view that the company has a unique market position in terms of solutions portfolio and respective market shares – with huge opportunity for even stronger growth 

Kevan Mutton, Managing Director at TBW, said: “Our results continue to out strip market growth and I am particularly pleased that top line growth is being achieved on a sustainable and increasingly profitable basis. Our continuous improvement programme is delivering in terms of lowering operational cost whilst still maintaining a high level of customer service, so we continue to remain commercially competitive in attractive market spaces. Our operational efficiency coupled with an innovative solutions approach provides the basis of our success. These results are even more outstanding when it is considered that we invested in excess of £800K and considerable operational resource to select and implement our new enterprise grade service and asset management system. So a big thank you to our customers for their confidence and continued business, and for our employees for their commitment to achieving the highest levels of customer satisfaction.” 

Martyn Broadhead, Executive Director, comments ‘TBW is an amazing business, and continues to have huge potential for further impressive growth. The market already considers our mobile device managed service to be industry leading but we are about to launch some very exciting propositions that will have a material impact on our customer’s ability to increase utilisation of in-field mobile devices and productivity in mobile worker task based workflows whilst also lowering the cost of operating a mobile workforce. We have a lot more innovation to offer the market yet !’

Press contact: Ross J Lee: +44 (0)1636 602000 / ross.j.lee@thebarcodewarehouse.co.uk

 

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