West-Yorkshire data science and tech firm Frame says it expects to hit the £1m revenue milestone by the end of the next financial year, despite receiving no outside investment since it launched in 2020.
Frame, which was founded by Liam Fulton and Hannah Bratley, is headquartered in Slaithwaite but works with clients across the UK and internationally. Its team of end-to-end data experts includes engineers, scientists and developers working across two core divisions – consultancy and solutions.
In its first year trading, Frame’s revenues stood at £61,000. That grew to £453,000 last year, resulting in a 641 per cent increase in gross profits. The business has also relocated to a new office at Globe Mill in Slaithwaite and upped its headcount to 10. The move to Globe Mill was all about preparing the business for its next phase of growth and provides enough space for the planned team expansion, as well as giving the option of additional flexible working capabilities.
Frame works with a broad range of clients in banking and finance, r/etail and logistics. Its client roster includes NatWest, Sorted Group, ECO Surv and Smart Data Foundry.
Bratley, co-founder and CEO, said: “The last two years has seen rapid but sustainable growth which has been as a result of our vision and people. Our primary collective focus has always been on delivering for our clients whilst constantly innovating. That approach will never change, nor will our determination to remain independent. The decision to reinvest all our profits was an easy one as it allows us to retain full control and build the business debt free.”
On top of key consultancy and solutions teams, the business is currently developing a brand-new image optimisation product for the e-commerce sector which should come to market in Q1 2023.