- Plans to triple turnover in the next three years
- Strong order backlog; high recurring revenue base
- Growing spread of products
What it does
Rosslyn’s (LON:RDT) main area of expertise is ‘spend analytics’ through a suite of solutions that now encompasses areas such as supplier onboarding and software that manages contracts, risk, information and performance.
Most recently Rosslyn has moved into the area of master data management, a critical challenge for large multinational companies with numerous subsidiaries.
In broadening out the offering Rosslyn is hoping to become as embedded as possible with clients.
How it’s doing
In the year to April 30, 2020, Rosslyn saw revenue increase by 2.1% to £7.1mln, and notably within that recurring revenue improved by £16.7% to £6.3mln.
The company reported underlying earnings (operating EBITDA) in positive territory for the first time in the growing company’s history.
It posted a £1.9mln pre-tax loss amidst higher level of amortisation against intangible assets.
The company ended the year with £800,000 of cash and had £500,000 undrawn under a £1.5mln loan facility from Clydesdale Bank.
What the boss says, Roger Bullen, chief executive
"We are entering an exciting phase of investment for the group with a strong, growing product set and a reinvigorated sales and marketing team.
“This will allow us to develop stronger partnerships with new and existing clients, adding greater value to their Procurement functions, and ultimately driving the Group to sustainable profitability"