Annual Report and Accounts 2019
The year ended 31 July 2019 was another year of growth, with Group revenues of £49.2m, an overall increase of 24%, and Group adjusted EBITDA of £10.5m an overall increase of 12%. This was achieved through a mix of good levels of organic revenue growth, and also a good contribution from three acquisitions completed during the year. The full benefit of the new acquisitions made will be realised in the next financial year. The Group’s financial position at year end remained strong, with cash balances in excess of £24m and no debt, even after investing over £9m on acquisitions, investments, and paying £2.1m of contingent consideration.