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.”