Godel on track to achieve record annual revenues of £34 million in 2019
Godel, the nearshore software engineering company, is on track to achieve another outstanding year as annual turnover is projected to hit £34 million for the year to December 2019, with a projected run rate EBITDA of £13.4m.
This growth represents a 57% increase in turnover on FY2018 when revenues reached over £21.7 million. This is the fourth year in a row where revenues have increased over 50%.
The company was once again ranked as one of the 2019 Hiscox Sunday Times Tech Track companies, where it has been included for the previous three years and the firm continues to go from strength to strength in its strategy for managed growth.
“We are ten months into our new three year business plan and we have achieved further landmark milestones as a business this year. We now employ more than 1,000 people across nine offices in the UK and Belarus, said Neil McMurdo, Chief Executive Officer at Godel.
“Our strategy as a management team is to double the number of team members in the next three years and do so by working alongside our existing and new technology clients in delivering exciting product roadmaps.”
Godel has seen significant growth within its existing client base as well as taking on a record number of new clients including, Domino’s Pizza, RS Components, Dealtrak and Karhoo.
“Our management team is well established and focused on delivering on a company strategy which has a number of differentiators for our team members as well as our clients, McMurdo continued –
“That is why our existing clients grow with us, it is the reason our new clients choose to work with us over our competitors and why our staff attrition is so low.”
There remains a shortage of experienced, senior technology talent in the UK – those that do exist are fought over and can often name their price in the job market, pricing them out of the labour market for many fast-growing companies. Godel helps clients deliver the engineering skills required to scale rapidly in line with customer and product requirements.”