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Premier Watercoolers announces healthy figures
Premier Watercoolers has released its interim results for the year, showing an increase on the same period last year, with profit increase of 45%. Turnover has increased by 29%, achieving £1.9m for the same six-monthly period.
Managing director of Premier Watercoolers, Phil Langley, told regional business website SouthWestBusiness.co.uk: “These figures are clearly very encouraging given the tough trading environment, and give us confidence that we’ll meet our business plan goal of a doubling in net profits during 2010.
“This is a testament to the efforts of our sales team in developing new partnerships and business opportunities,” he said, “but also confirms that our strategy of pursuing excellence in customer service is paying dividends.
“Furthermore, our business model means the profit margin on existing contracts will continue to increase exponentially as the rental units mature and the initial capital cost of supply is recovered. We therefore face the second half of this financial year with confidence.”
Mains-fed supplier Premier Watercoolers is based in Swindon, Wiltshire, and follows a rental business model with around 2,500 clients in the UK.
Source: South West Business
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