Executive Summary
Glen Group plc is a value added, solutions based provider of telecommunications and IT integrated services. The group has been operating from Scotland since early 2002, and intends to expand its operations across the UK. It focuses on the SME market where it provides a wide range of customer solutions including telecommunications calls, access and consultancy, IT support, mobile solutions both voice and data and hosted broadband voice services. The activities of the Group are undertaken by the Pinnacle Group of companies, which includes Pinnacle Telecom, Sports Club Telecom, Pinnacle Mobile, ExploreIT and Glen Communications.
The business had year to December 2007 revenues of £6.7m but made an operating loss of £1.2m.
Company History
- Glen Communications has been operating from Scotland since early 2002
- It was admitted to AIM in December 2004
- Acquired Electric Group in 2006, a niche provider of specialist IT and business consultants to the corporate market - sold in 2007 to Maxima Holding.
- Pinnacle Telecom Group acquired in June 2007
- Acquire Colloquium in 2008
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Market & Competition
Glen Group targets the UK SME population, estimated at 4.3 million business enterprises in the UK at the start of 2004. Of these, 99.3 per cent. were small (0-49 employees) and 0.6 per cent. were medium sized (50-249 employees).[1]
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