Bid specialist books record turnover
AM Bid, the Edinburgh-based business bid specialist, has reported record turnover in excess of £1 million for the second year in a row as it continues to recover from the impact of the pandemic.
Accounts for the year to the end of September show that the company increased revenues to just over £1.15m compared to £1.04m in the previous 12 months. While gross profits grew by 15.4 per cent, net profits were down due to continued investment in marketing Ultimate Tender Coach, the company’s new public sector bid writing training programme. Net profit before tax came in at £32,933, which compares to £94,633 a year earlier.
Bossesnotedthatthefirmnow operates in more than 25 sectors, continues to be debt free and has had no bad debt since launching in October 2014. It has also achieved an independently audited market-leading bidsuccessrateofmorethan80 per cent.
AM Bid provides services to businesses across the UK and Irelandandhasalsoservicedclients based in Spain, the Middle East, the Falkland Islands, the US and Australia. Clients range from large multinational companies to micro businesses.
The prior year saw a restructure of the senior management teamfollowingmanagingdirectordavidgray’sdecisiontopursue a fresh challenge after six years with the firm.
The senior management team now consists of Andrew Morrison (founder and business development director), Philip Thomson (bid director), Chantelle Seaborn (bid development director), Jeanette Shaw (senior bid manager/writer), Gavin Cowan (business support manager) and Carrie Campbell (nonexecutive finance director).