Aug 04 2008

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BIW grows 24% in 2007

BIW Technologies [my employer] grew its turnover by 24 per cent in the year to 30 September 2007, achieving over £0.5m in profits in the process (see full news release here). The company’s turnover in 2007 grew to £5.76m, up from £4.66m the previous year. A modest 2006 loss of £171,000 was turned around in 2007: BIW generated a profit of £550,000 during the year, and now has an order book worth well over £12m.

This growth performance parallels that achieved by one of BIW’s main competitors in the UK market (see 4Projects turnover up a third – the graph shows how BIW has maintained its lead over 4Projects), makes BIW the first UK-based construction collaboration technology provider to take its annual turnover past the £5 million milestone, and comes amid continuing newspaper speculation that the business is planning a flotation to fund further expansion (see 14 July Daily Telegraph item and 2 August Times article, for example).

Permanent link to this article: http://extranetevolution.com/2008/08/biw-grows-24-in-2007/

2 pings

  1. Union Square Workspace reviewed | Extranet Evolution

    […] BIW grows 24% in 2007 (04 August 2008) […]

  2. BIW grows 27% to September 2008 | Extranet Evolution

    […] UK-based construction collaboration software-as-a-service (SaaS) technology vendor BIW Technologies [my employer] grew its turnover 27% to £7.3 million in the year to 30 September 2008, it announced yesterday, with profits more than doubling to £1.1 million; the value of unrecognised revenues in the order book was up to £12.77 million (see news release). On both turnover and profitability metrics, this was an acceleration on BIW’s 2007 performance. […]

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