Transactor restructures as profits and revenue rise
Insurance software provider Transactor Global Solutions Limited (TGSL) has announced a 24% increase in turnover to £5.2m with group pre-tax profits up 18% to £0.5m for the year ended 31 March 2011.
Ray Vincent, chief executive officer at Transactor, commented: "Since our inception in 2003, we have continued to report impressive compounding annual growth of around 25%, due largely to our ability to provide customers with reliable, proven and flexible technology at a competitive price."
Mr Vincent added that the business was being restructured under a holding company, Transactor Global Solutions Group, with TGSL as a wholly owned subsidiary which will in turn have two majority or wholly
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