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Company Financial information
The financial performance of Smart421 Ltd reflects its success in building long term customer relationships and the strength of its service offerings. In 2005/6 Smart421 grew its turnover to £11.1m from £8.9m and its pre tax profits to £1.5m from £0.2m.
Smart421 Ltd also maintains a strong balance sheet with net assets of £3.6m, including cash & equivalents of £2.9m at 30 June 2006. The acquisition on 29 September 2006 by Kingston Communications (Hull) Plc of Smart421 Technology Group Ltd, the non trading parent company of Smart421 Ltd, has further strengthened the financial position of the company and its ability to take on larger scale contracts.
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