Losses narrowed to £53,347 against pre-tax loss of£498,291 the previous year
The rise in public sector outsourcing helped to lift revenues more than 20 per cent for Document Outsourcing Ltd (DOL) last year.
However, including interest and charges, the Bellshill-based company posted an overall pre-tax loss of £53,347 compared to a pre-tax loss of £498,291 last year.
Turnover rose to £9.6 million for the year to March 31, 2012 against £7.9 million the previous year, turning around an operating loss of £429,000 the previous year to an operating profit of £41,676.
Net cash inflow rose to £588,527 for the year against a net cash outflow of £359,326 the previous year and net debt was £918,985 at the year end against £1.48 million the previous year.
The company now employs 61 people, including four directors.
Director remuneration rose by 51 per cent in the last financial year, from £155,526 to £235,976.
Managing director Neil McCallum said: “I am pleased with our improved revenue growth during 2012 in what continues to be a challenging economic climate.
“Our growth however has been based on ensuring we have the best staff, trained and experienced to deliver innovative and cost effective business solutions.”
He added: “Coupled with investment in first class printing services and software has ensured our PrimePost service is now more flexible than ever and allows us to reach a wider market place as well as take on an increased amount of more varied work.”