Atlantic Global "well placed" for growth

SOFTWARE firm Atlantic Global warned today of challenging market conditions as it posted a full year loss.

Turnover during 2009 was 1.35m, down from 2.176m the year before, while losses before taxation were 130,000 compared to a profit of 401,000 in 2008.

Cleckheaton-based Atlantic's software enables clients to monitor and manage their businesses.

Hide Ad
Hide Ad

Adrian Bradshaw, the chairman of Atlantic Global, said: "I am pleased to report these results with trading in line with the board's expectations. Overall, market conditions remain challenging but feedback received from existing and new customers, partners and potential partners regarding the latest product launches gives the board confidence that the current year will show an improvement on 2009.

"The board is satisfied with the pipeline of new business prospects as well as the possibilities of new partnership opportunities. The group is pleased to report that it has already secured approximately 63 per cent of its budgeted 2010 support revenue and is well placed for future growth."

Related topics: