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British Minnows Swimming Strongly

Today brings more evidence of the strength of small, even tiny, British companies which are prospering and growing strongly. No complaints from them about Brexit, challenging market conditions, the weakness of the pound and all the other moans which issue forth on a daily basis from so many of our major companies who have become sclerotic lost both the will and the ability to succeed.

easyJet EZJ has reached agreement with Air Berlin to acquire part of Air Berlin’s operation at Berlin Tegel airport for a consideration of 40 million Euro. easyJet will take leases on up to 25 A320 aircraft and offer employment to up to 1,000 of Air Berlins pilots and cabin crew, thereby stealing a march on Ryanair which has suffered such severe consequences as a result of suddenly finding it had a pilot shortage.

Image Scan plc IGE is exceptionally proud of its achievements in the year to 30th September which saw sales rise by over 50% from £3.3m to £5m and profit before tax rise nearly five fold from £105,000 to £480,000. 65% of the increase in sales came from portable x ray machines, strong progress was made in new markets in India and the order intake for the year was a record at £5.4m. The CEO states that the strong momentum is set to continue.

Cerillion plc CER updates for the year to 30th September, that it has continued to perform well in the second half and full year revenue and EBITDA are expected to show rises of 8.2% and 16.3% respectively. Growth in software revenue form existing customers has been strong and opportunities for the future are seen as encouraging.

Artilium plc ARTA  The year to the 30th June was one of significant operational and technical progress, which enabled the company to become a leading figure in innovative telecom software solutions. Adjusted EBITDA for the year grew by 21.7% and revenue by 8.6%. New markets were penetrated, especially in Germany where a new office has been opened and strong demand is seen for the company’s software solutions. The leading position which it now holds is expected to be reflected in both revenue and EBITDA growth in the current year.




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