Manchester's NCC Group reports 12% revenue growth

Manchester-based NCC Group, a provider of Escrow, Assurance and Domain Services has reported that group revenues are up 12% on last year at £90.4 million (March 2013: £80.4 million)

Over 38% of the Group’s revenues are now outside the UK with the majority in North America. Organic growth in the period has been 10% (March 2013: 7%).

The froup’s net debt has continued to reduce, as expected, according to the firm, to £27.3m (March 2013: £31.0m) against the revolving credit facility of £40.0m and additional £5.0m overdraft facility.

Rob Cotton, group chief executive, comments: “We have delivered another period of consistent growth, mainly organic, in revenue and profitability across the Group and remain on course to meet our expectations for the financial year to 31 May 2014.

“The development of our new division, NCC Group Domain Services, remains on track. We expect to launch our new service using the safer internet domain .trust, in effect an online secure gated community, in the next financial year.

“Our solid performance in the current financial year in growing markets positions us well for next year. With strong recurring revenues and good forward visibility, we are confident that we will maintain our double digit organic growth and strong cash generation.”