Key points 08-09
Tessella has had another successful year, delivering 21% revenue growth, taking revenues to £17.4M, whilst maintaining good profi tability, remaining 100% self-financed, operating with no bank debt and having strong cash reserves.
Our revenue growth has been achieved through an unrelenting focus on meeting our primarily bluechip clients’ needs by a combination of innovation and pragmatism, together with delivering projects on time and to budget. This is demonstrated by our high level of repeat business; currently 89% of revenue is from existing clients. We take pride in the quality of our work and the fact that our solutions are used enthusiastically by our clients.
We have made considerable progress against our strategy and are well-positioned to withstand the consequences of the economic downturn and exploit the opportunities that lie ahead. Our staff remain committed and satisfied, as illustrated by the positive results from the annual staff survey. Innovation with dependability underpins everything we do. We have a proven 29-year history of using our unique blend of scientific, engineering and IT skills to add value to the demanding goals of public sector and commercial R&D based clients.
We are proud knowing that our work makes the world a better place to live in: aiding the fight against malaria; developing clinical trials that are more ethical, deliver better science and are more efficient to run; minimizing risk in oil and gas exploration; investigating the origin and composition of the universe by controlling the orbit and attitude of the Herschel and Planck satellites; preserving the digital heritage of nations across the globe.
