Cybertill, a retail software provider, has doubled its profits in spite of the struggling high street.
With record levels of vacant retail units on many high streets it is not just retailers that are struggling, but also many suppliers to the retail sector. However, Merseyside based Cybertill has increased EBITDA by 101% for the last financial year (2012/13).
Cybertill provides retail software that is cloud based, meaning that software is hosted on the internet, this means it is not locally installed in-store on tills and back office computers. Cloud based retail software offers retailers key advantages including the ability for them and their customers to see live stock levels across the business. This makes managing a retail estate so much easier as retailers are able to look after their stores and website through one integrated system and they can offer customers convenient services such as click and collect.
“In 2011/12 we grew revenues by 63%. In the last financial year the aim was was to stabilise revenues and focus on growing profits. This lead to profits doubling to well over half a million pounds,” commented Cybertill founder and CEO, Ian Tomlinson.
Cybertill’s growth was not just limited to the financial performance as headcount went up by over 21% in the last twelve months to 63. Cybertill is already focusing on future growth and aims to capitalise on its hugely successful ecommerce system, with on-going additional developments planned to help make it one of the UK’s leading ecommerce platforms. “There are over 400 ecommerce sites using the Cybertill platform. We are continually developing and adding the latest web technologies to help retailers make shopping online a personal and enjoyable experience for their customers.”
