Megabuyte.com has reported on Eque2's success following the issue of the company's 2014 accounts. The accounts highlight revenues of £8.8m, an increase of 33% during the year following the management buyout (MBO) from Sage. Although Eque2 is no longer a subsidiary of Sage, Eque2 remains their preferred supplier of SME Sage construction accounting software to the construction industry, while also partnering with Microsoft to offer EVision, a popular mid-market ERP solution based on Microsoft Dynamics NAV.
The accounts also detail a healthy 8.8% margin achieved from an adjusted EBITDA totalling £0.8m; a net cash position of £2.1m excluding shareholder loan notes; and a net debt position of just £1.8m.
As well as indicating a healthy, stable business that's well-positioned to drive forward with product development that meets the requirements of the industry, the results point to a general recovery in the UK construction market.
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