Profits rise for Surgical Innovations

In the year ended December 31 2010, the designer and manufacturer of medical devices saw its revenue increase by 55 per cent to £7.045m. Pre-tax profit increased by 487 per cent to £1.549m.

Doug Liversidge, the group chairman, said: “The group has undergone yet another year of transformation, successfully meeting the demands of rapid growth. We have continued to invest heavily in the business while research and development capability has undergone a step-change to speed up new product development and improvements to our existing technology.

“With an already promising start to 2011, we are looking forward with confidence.”

In a statement, the company added: “The board continues to review acquisition opportunities in the area of minimally invasive surgery where strong synergies exist with the group and where our research and development expertise and in-house manufacturing capabilities can create improvements to the products and cost savings for the end user.”