14th April 2013 – Chessington, Surrey – Frequency Telecom, the UK distributor of mobile accessories and audio products, is delighted to announce that it has been included within The Sunday Times PwC Profit Track 100 list of the UK’s most profitable private companies.
Published each April, the Sunday Times PwC Profit Track 100 league table ranks Britain’s top 100 private companies with the fastest-growing profits based on their latest three years of available accounts. Frequency Telecom achieved the rank of 36 with a reported profit of £3.2 million against a turnover of in excess of £27 million in the financial year 2012 and is the only mobile and audio distribution company to be included within the list.
Commenting on the achievement, Gareth Limpenny, Managing Director of Frequency Telecom, said, “We are absolutely delighted to be included within the Sunday Times PwC Profit Track 2013 list – especially in today’s economic climate. This is testament to our proven business model, our ability to spot commercial niches, our fastidious approach to detail and the fantastic team we have built here at Frequency Telecom.”
Limpenny continues, “In what has been a tough year for the consumer electronics market, the inclusion within the list shows that at Frequency Telecom, we have developed a portfolio of products that people want yet occupy a unique place in the market and offer real value to our customers.”
Formed in 2002, Frequency Telecom was initially set up as a tailored distribution service, supplying high-quality handsets to a demanding telecoms customer base. Through careful tracking and monitoring of trends in the industry, it took the strategic decision to change direction and focus on smartphone accessories. Significant growth in the UK meant it could also take advantage of the smartphone boom across Europe and invested heavily in the high calibre personnel essential to support the business long-term. The business has now evolved to include cases and accessories for all of the major brands of smartphones, tablets and other personal electronic devices as well as now offering a comprehensive range of audio products.
Frequency Telecom’s relationships with its customers are crucial to the success of its long-term business. With a focus on sourcing the right products, which are then packaged in such a way that its customers can slot them into their campaigns to maximise sales, Frequency Telecom is also able to tactically manage routes to market. This enables Frequency Telecom to manage margin, minimise risk and support sell through effectively and efficiently. Limpenny continues, “Working closely with our customers allows us to understand their businesses, both in terms of the products and support they require as well as their financial circumstances. This means we have been able to minimise bad debt exposure, which has been an exceptional result over the last 11 years, especially in the recent economic environment.”
Always looking for new opportunities, Frequency Telecom has successfully traded across Europe since it was formed in 2002. 2009 saw serious investment in its European team with dedicated sales and marketing offices now operating in Germany, Scandinavia and Russia. The UK business still remains its core market, where it continues to enhance its overall value to its customers through new products and improved service. Crucial to this is Frequency Telecom’s team and the culture within it. Constant investment in training and personal development has meant the company has a very loyal staff in excess of 60 across its European operations.
Frequency Telecom’s success in 2012 has enabled it to build even stronger foundations and financial stability, which enables it to reinvest back into the business to make it stronger for the future. Still very much focused on cost control and continuing to operate the business as efficiently as possible, 2013 will continue to see Frequency Telecom invest in its future to achieve further growth.
Limpenny concludes, “The inclusion within the Sunday Times PwC 2013 Profit Track 100 league table is the perfect conclusion to another fantastic year at Frequency Telecom. I would also like to thank everyone at the company for all their hard work and dedication. We look forward to the coming year and will certainly be aiming to make it into the list again!’
Notes to editors
About Frequency Telecom
Frequency Telecom is a global mobile accessory distributor, supplying 50 countries worldwide with a full range of high quality accessory solutions for all leading handsets and devices. Established in 2002, Frequency Telecom has achieved year on year growth generating a £27 million turnover in year ending March 2012 and now employs over 60 people, across the UK, Germany and Russia.
While the market and technology may have changed over the last 10 years, the culture and ethos at Frequency Telecom has remained the same. Frequency Telecom is more than just a distributor. It treats its partners’ brand as if it’s their own. That means committing to undertake account management and marketing to really drive sales for the brand and their customers. The ability to hold stock to meet demand and deliver on time enables Frequency Telecom to support products through the channel, from start to finish, all with the highest levels of service for both the manufacturers and retailers alike. Frequency distributes a wide range of brands including Case-Mate, Olo, JAYS, thinksound™, Motorheadphones, blackbox™, Degauss Labs, Griffin, Motorola, HTC, Nextivity, Merkury, Juice, Music Angel Friendz, Native Union, TDK and IGrip. For further information about Frequency Telecom and its vend ors, please visit www.frequencytelecom.com.
About the Sunday Times PwC Profit Track 100
The Sunday Times PwC Profit Track 100 league table ranks Britain’s 100 private companies with the fastest-growing profits, based on their latest 3 years of available accounts. To view the latest league table select ‘League table’ in the left hand menu.
Profit Track 100 is compiled by Fast Track and published as a supplement in The Sunday Times each April, with a national awards event in June and regional dinners throughout the year.
For further Frequency Telecom information, images or interview requests, please contact Andy Napthine at firstname.lastname@example.org / 07920 425166