UKFast annual results announce record year
The hosting firm continued its upward curve, reporting EBITDA for 2012 of £7.9 million – an increase of 57% on the 2011 figure. Profit before tax saw a similar trend, increasing 59% to £5.3 million.
The company, founded in 1999 by Lawrence Jones and wife Gail, saw turnover increase by 24% on 2011 as revenue surged toward the £20m mark.
Jones said: “The model of UKFast is to reinvest. As big as profits get, our next data centre projects are even bigger to keep up with the extraordinary demand.
“By owning every aspect of our own data centres, from the land on which they sit to the bricks and mortar with which they are built, down to our capability to design and sign off complex electrical environments, sets us apart and makes us a rather unique business. It’s these elements that help us to control costs and deliver the highest standards in our sector.”
The company stepped up its activity in the design and build of its own data centres and now owns and operates 28,000 sq ft of data centre space in the North West across four locations.
In January 2013, UKFast purchased its new HQ close to Manchester Science Park for £3.2 million.