Revenue and profit have risen at Totally plc, a Derby-based provider of healthcare services.
According to preliminary results for the 12-month period ended 31 March 2023, revenue was up 6.5% to £135.7 million, in comparison to £127.4 million in the year prior.
Meanwhile a “substantial increase” in profit before tax was reported, growing from £1.3 million to £1.8 million.
Bob Holt OBE, chairman, said: “I am pleased to report a further year of continued growth as we rebalanced our portfolio towards higher margin business, and made significant organisational progress across the group.”
Wendy Lawrence, Chief Executive Officer, said: “In line with our buy and build strategy, we remain acquisitive where opportunities enhance our ability to deliver increased shareholder returns and broaden services for commissioners.
“In the year ahead, we will remain focused on making further progress with our growth strategy whilst ensuring we maintain the delivery of high-quality services and manage our costs. We expect the coming year to be challenging as the NHS continues to operate in crisis and faces ever-increasing demand across all services.
“The Board remains very confident in that the number of opportunities for the company continue to grow and we are ready and prepared to further support the NHS as it continues to focus on the recovery and embedding of sustainable services able to cope with continuing higher levels of demand and the reduction of waiting times and waiting lists.”
The business anticipates revenue in the year ahead to be lower than in the period to 31 March 2023.
