New figures available from the UK regulator, Companies House, show that BuildOnline UK, the UK-based construction collaboration vendor that is now part of CTSpace, waived a substantial debt prior to its 2006 merger with Citadon. It appears BuildOnline also substantially overstated its revenues for four years. However, the business was still operating at a loss …
Tag: turnover
Permanent link to this article: http://extranetevolution.com/2008/11/buildonline-uk-revises-past-performance/
Aug 04 2008
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 …
Permanent link to this article: http://extranetevolution.com/2008/08/biw-grows-24-in-2007/
Jul 14 2008
4Projects turnover up a third
According to a Contract Journal article, 4Projects enjoys surge in demand for IT software, the UK-based construction collaboration technology provider 4Projects lifted its turnover by more than a third to £4.4m (up from £3.218m) in the 12 months to 31 March 2008, generating a pre-tax profit of £1.145m (up from £0.553m), representing a margin of …
Permanent link to this article: http://extranetevolution.com/2008/07/4projects-turnover-up-a-third/
Jun 20 2008
Asite finally returns to growth
UK construction collaboration technology vendor Asite has published its end-of-year results for the financial year ending 31 December 2007 (see London Stock Exchange notice). Building on the promising first half of the year (see Asite stops the rot), the company has finally reversed the declining revenues experienced for the previous three years, generating a turnover …
Permanent link to this article: http://extranetevolution.com/2008/06/asite-finally-returns-to-growth/
May 17 2007
UK vendor trends
This blog has reported several times on the financial performance of the main UK vendors of construction collaboration technologies (aka ‘extranets’). In light of recent results, I thought I would provide a quick graphical update/overview of the performance of the main UK vendors (those for whom I have some financial information) over the past four years. …
Permanent link to this article: http://extranetevolution.com/2007/05/uk_vendor_trend/
Apr 02 2007
4Projects sales reach £3.4m
According to a 24 March 2007 article, Jobs created as group wins new markets, in north-east England newspaper The Journal, UK construction collaboration vendor 4Projects has “currently” achieved sales of £3.4m, and “is expected to reach £5m by the beginning of next year”. 4Projects non-executive chairman Paul Callaghan said: “With 4Project [sic] we supply project management software services …
Permanent link to this article: http://extranetevolution.com/2007/04/4projects_sales/
Mar 15 2007
Business Collaborator grows in 2006
According to the latest annual report (see Stock Exchange notice) from Coda plc, its subsidiary UK collaboration vendor Business Collaborator continued to grow in the year ending 31 December 2006: “We are delighted that the strong performance in 2005 has continued again in 2006. The membership of the SEDEX program (Supplier Ethical Data Exchange) has continued …
Permanent link to this article: http://extranetevolution.com/2007/03/business_collab/
Jan 02 2007
BuildOnline UK position worsened
Prior to BuildOnline’s merger with Citadon to form CTSpace, its financial performance in the UK was getting even worse. As previously discussed (see BuildOnline and Koral on 14 November 2006 and BIW’s growth continues – but what about the others? on 8 November 2006), BO’s latest Companies House accounts show its UK business was already struggling in …
Permanent link to this article: http://extranetevolution.com/2007/01/buildonline_uk_/
Dec 18 2006
CTSpace: initial redundancies
According to a Growth Business article by Marc Barber, the merger of BuildOnline and Citadon to create CTSpace (see previous posts from here), will result in some redundancies. CEO Howard Koenig apparently “expects high-growth opportunities given the company now has a presence in Europe, North America and Asia-Pacific”, and “acknowledges initial ‘redundant costs’ will hit as the company, …
Permanent link to this article: http://extranetevolution.com/2006/12/ctspace_initial/
Nov 08 2006
BIW’s growth continues – but what about the others?
The latest news release from UK construction collaboration vendor BIW Technologies says it has just completed its sixth straight year of growth. Turnover in 2006 (year ending 30 September) reached £4.6m – up from just over £4m in 2005. BIW has always been very open about its performance, regularly publishing news releases, but some of its UK competitors are more …
Permanent link to this article: http://extranetevolution.com/2006/11/biws_growth_con/
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