DriveTech (UK)'s growth continues…

3 July 2006

Business update from Jim Kirkwood, Managing Director, DriveTech (UK) Limited

I’m delighted to report that DriveTech continues to go from strength to strength as we continue our solid growth in what we’re finding is a very buoyant marketplace.

We’ve just announced our 2005-6 results (Mar to Feb) and we’ve seen a 30% growth in revenue, year on year, up to £ 3.4 million driven mainly by exceptional performance within our fleet operations.

We’ve achieved this by recruiting some great new customers, building stronger relationships with our existing customers, building new partnership in the fleet and risk arena and by significantly building our brand profile by publishing regular and consistent news stories. In fact, there are now 9 case studies that you can read on our website!

We’re managing our growth by strengthening our operational infrastructure both through the enhancement of our IT systems but also by recruiting top new people into our business.

While growth is a key part of our strategy, delivering quality solutions that make a difference to our customer’s business is still our priority.

We’re not resting on our laurels and over the next few months, you’ll also see further enhancements to ensure that our services are truly ‘market leading’.

2006/7 has already started well and we will be making some significant announcements about the business in the next few weeks.

We’re living through very exciting times at DriveTech at the moment and look forward to working with you even more closely in the months ahead.