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Revenue more than doubles at BTL Group

publication date: Sep 2, 2012
BTL Group, the Shipley-based e-assessment company, has reported an operating profit of £3.1m (2011: £0.1m) for the year ended 31 March 2012 on revenue up 142% to £7.6m (2011: £3.1m), according to accounts filed recently at Companies House. The company reports that the large operating profit was a result of a very small number of exceptional transactions over several years which for accounting purposes crystallised in the accounts for FY12. The company reports that the underlying profit of the main trading activities of the company is “more restrained”. The company had cash balances of £2.1m (2011: £1.7m) at the year end and no debt.

BTL’s principal on-screen assessment platform is Surpass. The platform is used by a number of awarding organisations and professional bodies including AAT, AQA, City & Guilds, EAL, IMI Awards, ITEC, NCFE, OCR, Skillsfirst, SQA, the Actuarial Profession and WJEC. In the current year BTL has signed two significant contracts with OCR (in July 2012) to deliver on-screen Functional Skills qualifications and with SQA (March 2012) to provide on-screen assessments for the new National Qualifications being developed for Scotland’s Curriculum for Excellence. The company is also looking to grow internationally and has a strategic partnership with ITWork in the Middle East and distributors in South Africa and the Netherlands.

In October 2011 the company bought back 270,000 ordinary non-voting shares from two shareholders for a total consideration of £40,500. The percentage of the shares purchased represented 2.67% of the then total share capital. Bob Gomersall, BTL’s founder and chairman, controls the company through his 93.25% equity stake in the buisness.


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