QA claims strong financial results

02 Jul 2010

by: Margaret Snell

The year-end results for QA show an increase in profit and net cash as the company claims it continues to perform well, despite difficult trading conditions.

With revenues of £80.1 million, QA claims to be the UK's leading independent training company. Despite tough trading conditions, the company has increased its operating profits by 14% to £5 million, and grown its net cash by 62% to £6.1 million. QA has also maintained its margins and made 17% savings due to cost-efficiency savings.

William Macpherson, QA's CEO, praised the hard work and commitment of the in house team. He said: “We've won a significant number of major training contracts, which provide us with ongoing, assured revenues. We've extended our reach in core training markets – such as Microsoft, where more than two out of every three people trained in the UK are trained by QA. We also continue our push into new markets – for example, we're building up a portfolio of e-learning and virtual learning clients."

"It can be an unnerving time for training buyers, particularly as they see some training providers unable to continue trading. But our performance and financial position gives buyers the confidence of working with a stable training provider and demonstrates that success in this market is still achievable for those who deliver quality and run their business well."

 

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