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Aug 31 2010

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Aconex (UK) Ltd – revenues down in 2009

Almost exactly a year ago, I looked at Aconex (UK) Ltd and noted that the British operation of the Melbourne, Australia-based construction collaboration technology vendor was on the upturn. Twelve months later, the UK recession appears to have had an impact, knocking revenues down by nearly 11 per cent.

The London-based subsidiary generated revenues in the year to 30 June 2009 of £1.688m (as against £1.909m the year before), returning a pre-tax loss of £57,161 (compared to a restated pre-tax loss of £271,323 in 2008 – a note to the accounts says there was a change in accounting policy: “The effect on the 2008 results was to increase losses by £227,835”).

The 11 per cent drop in revenues is not as bad as the 19 per cent drop experienced by [my former employer] BIW Technologies (post), but – along with the figures just released for iSite (post) – shows that most of the leading UK-based construction collaboration vendors that have reported figures for 2009 were hit by the downturn in construction activity in the UK market – Asite being the exception so far (post).

 

Permanent link to this article: http://extranetevolution.com/2010/08/aconex-uk-ltd-revenues-down-in-2009/

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