Mobile Phone Venture Set to Leap Up Top 300

Western Mail (Cardiff, Wales), December 16, 2005 | Go to article overview

Mobile Phone Venture Set to Leap Up Top 300


Byline: By SION BARRY Western Mail

South wales mobile phone venture Communications Direct Ltd (CDL) is ringing up impressive revenue growth. The company, which is one of the fastest growing mobile telecommunications companies in Europe, is on course to post a pounds 45m turnover in 2005-06 in what will be only the third year of trading.

Revenues for the Cardiff and Swansea-based company during the first half of the financial year - to the end of December - have been running at more than pounds 3m per month and are continuing to enjoy significant month-on-month growth.

The company specialises in driving new customer contracts for customers with leading mobile phone network operators T- Mobile, 3, Orange, Vodafone and O.

This involves contacting customers when their existing mobile phone contracts are near to expiring to strike new deals on services, tariffs and handsets.

The bulk of its new contract work (90%) is with third generation (3G) mobile phone operate 3.

Matt Burge, managing director of CDL, said its projects for the current year would catapult it high up the ranks of the Western Mail's Wales Top 300 publication - which ranks the economy's biggest companies on turnover.

He added, 'On current trading projections for this financial year we will come in 110th on turnover and 36th on profit next year - which for a company completing only its third full year in business is a great achievement.

'Unfortunately, we missed out on a place in the 2005 Top 300 list [published this week] because the date we filed our 2004-05 returns narrowly missed the cut-off date for the publication.

'However, we have taken heart from the fact we would have been 237th largest on turnover and 97th in terms of profit based on our pounds 21.3m turnover and pounds 2.15m pre-tax profit during the year.'

CDL was established in the autumn of 2003, in offices in Dominions House, Queen Street, Cardiff. …

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