Devices like
Blackberries and iPhones have created potential markets for
Microlease in Asia and Latin America. Claire Hack
reports.
Go deeper with GlobalData
Test equipment lessor
Microlease has identified Asian and Latin American markets as
potential growth areas, as mobile technology grows in
popularity.
The company has begun to
scope out the markets in order to understand the quality of their
infrastructure.
CEO Nigel Brown said: “We are
looking at whether to create a local presence in countries like
Brazil. We have seen an emerging telecommunications market in these
countries because of the development of technology like iPhones and
BlackBerries.
“There is a need to
strengthen the networks’ backbone and this has stimulated a strong
investment need for test equipment.”
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By GlobalDataThe company has predicted
revenues of £50m (€57m) by the end of 2010, compared to £30m in
2009. The result follows four consecutive years of growth above
30%, following a management buyout in 2006.
“We have been growing quite
significantly and our expectations are that that will continue. We
also have two regional offices in the US at the moment and that is
likely to grow in the next one to two years. It is a duplicate, but
smaller version of what we are doing in Europe,” Brown
said.
Revenue grew by 31% to £30m
and profit before tax was up 0.8% to £3.91m in the year to
end-February. Profits after tax fell by 14% to £2.76m following
higher tax payments.
A new 25,000 sq ft corporate
headquarters in Middlesex is to open in January 2011, housing 100
staff including 15 new hires.
“It will give us increased
capacity for the growth of the business over the next two to three
years. The existing site is 40,000 square feet so an extra 25,000
is a fair chunk for us. It will almost double capacity for both
rentals and leasing.”
The company has invested
£1.5m in two newly released test platforms, known as the MTS-6000A
and MTS-8000, from JDSU, a provider of broadband test and
measurement products. “Over the next 12 months, we expect to double
that investment,” Brown said.
“It will be a very successful
product. It will be one of their top-performing products over the
next five years.
“All the telecoms markets around the world will be using
this platform. It will be very strong for leasing services as it
fits the full profile of services we provide.”
