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Thomsons Online Benefits, the UK's leading employee benefits consultant and technology provider, today confirmed continued outstanding growth for 2006 as they released excellent results in their 2006 audited accounts.
Last year was another excellent year for Thomsons, with group turnover increasing from £3,793,517 in 2005 to £5,852,396 to the 31st December 2006. This increase represented a 54% increase in turnover year on year. This growth is further reflected in operating profit which has increased from £437,555 in 2005 to £682,490 in 2006, 56% higher than the previous year.
In the past twelve months, Thomsons Online Benefits has made significant inroads in acquiring new clients in most industry sectors, with significant progress in the legal, banking and insurance sectors.
The cornerstone for this sustained growth is Thomsons' continued investment in both new talent and their own technology, Perquisite™, with over £1,500,000 invested in new technology releases in 2007.
Thomsons Online Benefits opened their Singapore office in 2006 and expect several significant new clients from this office in 2007. This growth demonstrates their global intentions and is the first step of many, anticipated internationally over the next few years. This comes as more of their clients bring their global operations under the control of Perquisite™, Thomsons Online Benefits' software.
Thomsons Online Benefits now have over 200 clients using their software, consultancy and communication solutions globally and is on target to add at least 70 more clients to this number by the end of 2007, resulting in over 300,000 employees successfully using their software.
Michael Whitfield, Managing Director, commented, "We are absolutely delighted with this strong, continued growth in both profits and revenue which now put us clearly ahead as the best performing company in this sector. This outstanding performance is down to our fantastic team of people, our innovative, flexible and robust technology and our great clients. We continue to drive our standards higher in terms of service, software and sales and have a clear vision and direction for the business over the next five years”.
He added, " If 2006 was a very good year, then we are confident that 2007 will eclipse it with even more spectacular growth than at its' current rate”.
About Thomsons Online Benefits
Thomsons Online Benefits was founded in 2000 to revolutionise the way that benefits are administered and communicated. They have won awards for both their consultancy and technology skills including: "Communication Provider of the Year" in the Employee Rewards & Benefits Awards 2006, "Corporate Adviser of the Year" in the Money Marketing Financial Services Awards 2004, 2005, 2006 and 2007, "Most Effective Use of an International Benefits Strategy" in the Employee Benefits Awards 2004 & 2006, "Flexible Benefits Solutions Provider" in the Pensions Management awards 2006 and 2007. In 2006 they were placed at 32 in the Sunday Times fastest growing technology companies in the UK.
Thomsons Online Benefits is authorised and regulated by the Financial Services Authority.
Further information can be found at www.thomsonsonlinebenefits.com
For more information please contact:
Caroline O'Keeffe
Marketing Manager
Tel: 020 7802 5855
Email: marketing@t-bx.com
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