Bonner aims for £50m Pinnacle

Published on 29/03/2012 21:18

CHIEF executive Alan Bonner believes he can build Pinnacle Telecom into a £50 million business “within a two-year window” if growth at the Stirlingshire-based firm continues at its current pace.

Bonner told investors at yesterday’s annual general meeting that revenues had risen by 175 per cent year-on-year during the first quarter.

He highlighted that 80 per cent of sales were now coming from repeat business and said the company would continue to grow by selling a broader range of products to its clients. Customer numbers jumped by 250 per cent in the past 12 months following four acquisitions.

Turnover at Pinnacle Telecom – whose clients including HSBC, Orange and Virgin – had risen by a third in the year to 30 September to £8.5m.