Acquisition and strong Q4 drive growth at Commercial Group

Posted on Jun 16 2017 - 3:30pm by Editorial Content
RATING

Commercial Group hit a record turnover of £50 million in 2016, 19.7 per cent up on the previous year.

A series of major account wins led to a strong final quarter for the Group’s office supplies division and the June acquisition of London-based Wiles Greenworld made a six month contribution to Group turnover. The company has ambitious growth targets for the next five years and is targeting a turnover in excess of £60 million for 2017.

There are several new developments in the pipeline, including the imminent launches of two divisions – Commercial Creative and Commercial Technology. Commercial Technology will help businesses select IT hardware solutions that best meet their needs, in terms of specification and price. Commercial Creative will involve a re-brand of Wiles Greenworld Systems to provide dedicated colour management support and managed print services for the creative industries.

Commercial Group invests 20 per cent of profits into Commercial Foundations, the social enterprise it established in 2015. Commercial Foundations provides opportunities for disadvantaged people to make a fresh start by helping them develop resilience and ‘work readiness’ skills. An independent audit shows that in 2016, it generated a social value ROI of £4.86 per £1.

“Operating responsibly has always been fundamental to the Commercial Group ethos,” said co-founder Simone Hindmarch-Bye. “As we grow, we have more muscle to effect change, linking profitability and purpose in our own business and helping our clients to do the same.”

www.commercial.co.uk