I am indebted to occasional correspondent Emmanual Netter (see Une étude intéressante… (deux)) for providing me with some figures on the financial performance of the French arm of construction collaboration technology provider BuildOnline (part of CTSpace since December 2006) for the years 2003 to 2007 inclusive – based on information from the French equivalent of the UK’s Companies House (see http://www.societe.com/societe/buildonline-france-429982945r.html). The figures confirm that BO’s French operation was making substantial losses for most of its existence.
Turnover in 2002 was just €33,000, rising to €319,000 in 2003, €397,000 in 2004 and €398,000 in 2005. It finally topped a million in 2006 reaching €1.26m, before falling back last year to €960,000 (at today’s exchange rate, approximately £760k).
Each year, pre-tax losses topped €200,000, growing in recent years: in 2005, losses amounted to €445,755; in 2006, losses reached €721,350, and in 2007 (after the merger with Citadon), the loss exceeded €1.125m (around £0.9m).
Update (25 April 2008): Review the comments (from a BO/CTSpace supporter, Emmanuel Netter and myself).