idibu bucks trend to double sales

idibu bucks trend to double sales

August 17, 2009 News

Fast growing software provider idibu (www.idibu.com) is filing accounts demonstrating an 80% increase in sales. The accounts also show that the company has moved into profit for the first year since inception in February 2007.

The end of year balance sheet has also been considerably strengthened by the company’s profitability (£28k) and the injection of £36k of additional share capital (all subscribed by MD Steve Walker). Additional capital is available if required to support business growth and development.

Managing Director Steve Walker commented: “We filed our accounts early to illustrate to the market how we have developed financially. Taking the business from a negative balance sheet in 2008 to profit in 2009 is a fantastic achievement in the current market. Our performance in this new financial year already shows continued growth which is down to the excellent work of the idibu team and our efficient business model.”

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