Eureka Solutions sees turnover rise to £5.25m in latest financial year
East Kilbride-based business software company Eureka Solutions has notched up a 15% increase in turnover following a restructuring of its cloud software business.
The firm saw turnover reach £5.25m in its latest financial year, a significant jump on the preceding year’s £4.8m, which was a previous company highpoint. That growth has also seen the firm expand staff numbers, while winning significant new business in the sport, gaming, clothing and online retail sectors.
David Lindores, CEO of Eureka Solutions, said: “These are great numbers and reflect a real buzz around our company at the moment. Investment in our people is really paying off. We started out the financial year by undertaking a restructure of the company into separate divisions. The clarity and focus that has given to our teams has been brilliant.
“There’s no doubt that our business has also benefitted from the changes in working practices which came about as a result of the pandemic. Those continue to give us a favourable tailwind.
“However, the main reason we are seeing this growth is down to our employees. They are delivering excellence across sales, client relationships and technical solutions. That is what is bringing in more business.”
The headcount at Eureka Solutions increased from 62 to 72 across the financial year to May 31. With further growth expected, the firm will be stepping up its graduate recruitment programme. It says the new divisional structure also gives staff clearer progression paths.
Gillian Livingstone, the firm’s chief operating officer, oversees the longest-established area of operations, delivering solutions related to the global-leading accountancy software, Sage.
Ms Livingstone added: “While we have been incredibly busy delivering our most successful year ever, we’ve also laid the groundwork for a host of exciting developments which will come to fruition within months.
“We have well developed plans which will see us rebrand one of our offerings, we’ll dramatically enhance our graduate programme and we will be significantly upgrading our already very robust data protection credentials. We certainly are not resting on our laurels.”
That pipeline of activity also has the firm projecting that turnover will increase for the current financial year, with a target of £5.8m set out.