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May 18 2006

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4Projects enjoys doubled profit

Contract Journal reports that UK construction project collaboration provider 4Projects has recorded a £270,000 pre-tax profit in it latest financial results (for the year to 31 March 2005). This compared with a profit fo £130,000 the previous year. Turnover was higher at £2.1m (2004: £1.6m). Finance director Steven Nelson is quoted: "Turnover has risen because we have attracted new customers. … 4Projects is now hosting more than £10bn-worth of projects."

Permanent link to this article: http://extranetevolution.com/2006/05/4projects_enjoy/

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  1. xxx

    interesting 4Projects claimed to have made a £590,000 profit in Oct 2004
    http://www.biwtech.com/pressroom/PressRelease.asp?id=94

  1. Pearce-ing insight | Extranet Evolution

    […] between 4Projects and CJ, evidenced by the exclusive briefing of its financial results (see my 4Projects enjoys doubled profit post) and by 4Projects’ joint venture with CJ, CJ Collaboration, launched in March […]

  2. BIW’s growth continues – but what about the others? | Extranet Evolution

    […] BIW has always been very open about its performance, regularly publishing news releases, but some of its UK competitors are more reticent. A notable exception is Asite, which, being regulated by the London Stock Exchange (ASE), has to publish its annual report and accounts (see 28 September post re Asite interims, for example); 4Projects, despite being a ‘Small Company’ so far as Companies House is concerned, has also reported turnover and profits figures via articles in Contract Journal (see 18 May post). […]

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