Excalibur Communications, a leading South West-based communications and IT solutions provider, has announced its year-end results for the year to June 2021.
The company has reported a Group turnover of £8.7 million and an EBITDA (Operating Profit after adding back depreciation and amortisation) of £1.5 million. Turnover is down by 6% versus 2019/20, largely due to reduced mobile revenues. EBITDA is 15% up on 2019/20.
Excalibur’s IT and Fixed Line business has performed consistently with a minimal 2% drop in revenue to £4.3 million. The growth in supporting customers in its move to ‘work from home’ during the pandemic, has largely offset reduced income from coronavirus delayed, larger IT projects.
The mobile side of the business has seen a reduction in revenues by 10%, from £4.9million in 2019/20 to £4.4million this year. This is mainly driven by a reduction in international travel as a result of the pandemic.
Peter Boucher, Chief Executive Officer of Excalibur, said, “We have had a good year at Excalibur despite all the challenges that covid has presented to business and all of us as individuals. The team here has been flexible and worked hard to support customers and each other. Our continued focus on customer and employee engagement has proved to be the right one. It has not only resulted in us being accredited as a Top 100 UK Best Small Company to Work For, but winning some great new business.”
Other milestones achieved by Excalibur during this period include:
- Investment in and successful implementation of new CRM and financial systems
- Establishment of a more hybrid-style work environment for colleagues to support effective home/office working during the pandemic.
- Investment in leadership training
- Best CompaniesTM accreditation for 2021 – named as a Top 100 UK Best Small Company to Work For
- Established “Excalibears”, a colleague-led committee focussing on upholding the Social and Corporate responsibility of the company, covering the environment, volunteering and charity
- Completion of the final stage of the Excalibur management buyout, which initially took place in 2018.
Pictured above: Peter Boucher, Chief Executive Officer of Excalibur