«

»

Apr 15 2011

Print this Post

iSite steady

The latest financial results from retail fit-out specialist Styles & Wood include figures for its property management solutions business, iSite – formerly StoreData (post), but it seems not yet “S&W Intelligence” (post; perhaps the rebrand has been quietly shelved?).

Whatever, iSite continues to supply services to UK high street names such as Tesco, Nationwide and B&Q, and in the year to 31 December 2010, the division had a turnover of £1.242m (slightly up – 1.6% – from £1.222m in 2009), generating a profit of £271k, up from £255k the previous year. The business has been consistently profitable ever since I started monitoring it, though turnover had previously been edging downwards (post), so the small uptick must be welcomed.

The turnover figure suggests a better second-half to 2010; at 30 June (post) turnover was reported as £0.582m, so the final six months saw business revenues of £0.66m – maybe evidence of a slight resurgence in the UK market for collaboration services.

Update (28 April 2011): iSite’s Martin Ward has been in touch on the ‘S&W Intelligence’ point, saying “Intelligence is not actually a Business Unit (as with iSite) merely a service stream. The plan is to have the ability over time to provide further offers under the ‘intelligence’ offer – that may sit outside of iSite.”

Permanent link to this article: http://extranetevolution.com/2011/04/isite-steady/

1 ping

  1. iSite boosted by Styles & Wood cross-selling | Extranet Evolution

    […] to £1.460m (the best result since 2007 – see above), with a profit of £0.278m (up £7k from 2010; post) and margins a bit tighter at 19%. iSite (previously known as StoreData) has been consistently […]

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>