Capital solution as group unveils profit hike and plan to create jobs

Capital Document Solutions, the Edinburgh-based supplier of office equipment and document management services, will create ten jobs after reporting a “substantial” rise in profits to £1.2 million for 2011.

The company, founded in 1979 by managing director Tom Flockhart, also said it will open another office in Scotland, following an 11 per cent rise in turnover last year to £14.5m.

Capital, which currently employs 160 people across Scotland, has operations in Aberdeen, Edinburgh, Glasgow and Shetland. A spokesman said a final decision on the location of the new office was yet to be made. During the first three months of the year, it has secured business worth more than £4.5m, an increase of over 32 per cent compared with a year ago.

The company specialises in providing copiers, printers, scanners and software to a range of private and public sector clients. It recently sealed contracts worth a total of £680,000 with Highland Spring, the National Library of Scotland, Scottish Natural Heritage, the Scottish Rugby Union and Scott-Moncrieff. Flockhart said: “We see huge potential to grow the business through the commercial, corporate and public sector in Scotland. Our aim is to become a £20m turnover business next year and a £30m one in the future.”

In June 2009, Capital was among seven companies appointed as approved suppliers to public and voluntary sector organisations under the Scottish Procurement framework for office equipment. It has since won over 30 per cent of the public sector contracts awarded under the framework.