Company Name: Alternative Networks
Stock Market: FTSE250 (AN:LSE)
Industry Sector: Software and Programming
Market Capitalisation: £63.10 million (as of February 26, 2009)
Yearly Revenue: £93,707 million (as of September 30, 2008)
Operating Income: £8,755 million
Net Income: £6,497 million
Total Assets: £42,255 million
Key People: Kenneth McGeorge (non-executive chairman of the board), James Murray (chief executive officer and director), Edward Spurrier (chief financial officer, group company secretary and director), Ben Marnham (chief operating officer and director).
Headquarters Address: Chatfield Court
56 Chatfiled Court London, SW11 3UL United Kingdom
Number of Employees: 430 (as of February 26, 2009)
Website Address: www.alternativenetworks.com
Company Overview
Alternative Networks is a leading UK business communications service provider that is primarily involved in the supply of a full range of services and products relating to its converged communications portfolio, including managed network services, data and mobile phone services, non-geographic number services, and broadband and Internet service provision. The company supplies, maintains and installs business telephone systems and related integrated communication applications, like video conferencing, call centres and integrated data applications by its subsidiary, the Alternative Networks Technical Solutions and its Echo Communications acquisitions. Its other subsidiaries include Telecoms Centre Limited and Telecom Technology Maintenance Limited.
Alternative Network’s two operating business segments are the advanced solutions segment and the network services segment. The latter segment provides solutions for mobile data, related applications, and group tariffs, while the former segment offers advanced solutions, such as hardware and applications, Internet protocol (IP), private branch exchange (PBX) and related professional services, data access services like multiprotocol label switching (MPLS), and IP virtual private network (VPN).
The company offers cutting-edge technology and independent services through its world-class collaboration with suppliers like BT, Mitel, Verizon Business, Cable and Wireless, Vodafone and O2. Thus, its client-driven services have enabled the company to be among the leading companies since its inception in 1994. It has achieved a consistent profitable growth track record, with a successful and proven strategy driven by acquisitive and organic growth. Alternative Networks caters heavily to an array of telecommunication needs, including both the fully converged solutions and stand alone products for larger corporate customers and SMEs within the UK, and to its 4,000 customers, including clients like JC Decaux, Securitas, Channel 4 and Miele. Look out for their pull up banner stand at the next relevant corporate event.
Current Financial Overview
For the fiscal year ending September 30, 2008, Alternative Networks net income increased 5.08% from £6.18 million in 2006 to £6.50 million in 2007, which was principally due to its growth in revenue from £72.08 million during the previous year to £93.71 million in 2007. In addition, there was an increase in its costs related to selling, general and administrative, cost of goods and debt as a percentage of the total sales. The company’s total operating income was £8,755 million compared to £7,475 million the previous year. Moreover, there was an increase in total assets to £42,255 million, up from £41,775 million in 2006.
n 2008, Alternative Networks enjoyed an increase in its cash reserves of £805,000, or 23.52% over the previous year. The company used £972,000 for its investing activities, and also paid out £6.62 million for financing cash flows.
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