Leeds-based Surgical Innovations reports revenue growth to £8.7m

Surgical Innovations Group plc , the designer and manufacturer of technology for minimally invasive surgery, has reported a 44% increase in revenue for the year ending 31st December 2017.

The Leeds-based company has announced that group revenue for the year exceeded £8.7m. Within this, organic growth in the existing business was approximately 10%.

The company highlighted that the August acquisition of Elemental Healthcare Limited, continues in line with plan and following the takeover, the reaction of both distributors and suppliers to both businesses has been very positive.

The combined gross margins were within target range and the increasing levels of profitability are in line with board and market expectations.