Company Snapshot: Northgate Managed Services Ltd
A strong order book for the future
Published 12/03/2013 | 09:29
Northgate Managed Services is a Newtownabbey-based registered subsidiary of an English parent company, Northgate Information Solutions group, which in turn is a subsidiary of a similarly named company registered in Luxembourg.
More recently, negotiations have been completed for the sale of Northgate Managed Services to the Capita Group. The local company was formerly known as Sx3, or Service and Systems Solutions.
Northgate has been trading successfully in recent years with turnover generally improving, except for a temporary fall in the year to April 2010.
Operating profits have varied from year to year partly as a result of an exceptional pension fund credit of £5.3m posted in 2010-11 and after unusual costs of £1.7m for restructuring in 2011-12. Pre-tax profits were also lifted by exceptional profit of £2.5m on the disposal of assets in 2010-11.
The company reports that in recent years it has dealt with significant upheavals in its core markets as a result of a shift in government policy and the impact of the Comprehensive Spending Review. Nevertheless the inherited order book was successfully delivered leading to strong revenue growth.
The company also reports that it has established itself as a key supplier of IT and cloud-based systems to academies and also achieved significant growth in other sectors such as healthcare. The company illustrates a balanced customer base in education, providing managed services for 1,200 schools, utilities, as the largest IT provider for utilities in Northern Ireland and health, including over 60 health organisations. For the future, the company reports a strong forward order book.
Employment fell fractionally in 2011-12 to an average of 893 people from a peak of 923 people a year earlier.