Elitetele Growth Soars, Ridgway Stays

growth

Following the acquisition of Elitetele.com Mobile Limited (formerly Qualitel Voice and Data Limited) in April 2014 this division of Elitetele.com has achieved £4.0m revenue in the 14 months to July 2014, £4.3m for the year to July 2015 and £6m for the year to July 2016.

Russell Horton, COO, Elitetele.com says, “Mike Ridgway, MD of Elitetele.com Mobile Limited has successfully led the growth in gross margin in his division for the first two years since acquisition of 83% up to March 2016 with another impressive year in progress to March 2017. He is on track to have doubled gross margin over the three years.”

“We are delighted to announce that Mike, formerly MD of Qualitel, and now MD of Elitetele.com Mobile Limited, has decided to stay with us after the successful completion of an earn-out period. As a result of his success at growing the business, Mike will now take on the role of Commercial Director of Mobile for the whole Elitetele.com plc group of companies. Elite prides itself on working with business owners to realise the potential of their businesses within the Elite Group and this is an excellent example of that,” says Horton.