COMMERCIAL property specialists Space Solutions has seen its sales surge past the £20million milestone for the first time.
Results for the year to the end June 2011 show that, despite the challenging conditions in the commercial property sector, revenues jumped up 25% to just over £20.23m from £16.1m the previous year.
The firm, which operates from five bases across Scotland, said the impressive figures were down to its ability to help businesses better manage their workplaces and property costs and a range of key decisions focused on driving forward growth.
Managing Director Steve Judge said the results will likely turn heads across the commercial property sector and wider business community.
He said: “Most people in business will agree that conditions remain tough and, particularly in our sector, the market has not moved on making it even more challenging to spot and develop opportunities.
“That illustrates the strength of our performance over the past 12 months, driven by the commitment from our excellent staff and the impact of various key management decisions.
“To achieve these figures in a sector that has been among the hardest hit by the recession could only be delivered by ensuring total excellence in client relationships and a superb workforce.
“We are a business that can help other businesses. We work to understand the challenges and aspirations of each particular business and focus on delivering the right solution that ensures they are perfectly positioned for the future.
“The level of growth confirms the success of the business model we have been developing over the past three years and provides a solid endorsement of the hard work and investment that has been put in by everyone at Space Solutions to ensure it is best positioned to evolve as a success story.
“Our target now is to see turnover reach £50m within the next five years and we have already started the process of reshaping and developing the business to reach that goal.”