AdEPT Telecom plc, formerly AdEPT Telecom, is a United Kingdom-based company providing voice and data telecommunications services to both domestic and business customers. The Company provides fixed line calls, line rental, mobile and data connectivity products to thousands of business and residential customers across the United Kingdom. The Company offers a range of business telecom products for all sizes of business. AdEPT's Inbound Call Handling services offer a way to manage inbound calls, with online access enabling customers to implement changes instantly. AdEPT broadband products offer unlimited downloads and Internet speeds of up to 16 megabits, 50 megabits of Webspace. As at March 2010, AdEPT has completed the acquisition and integration of 16 telecom businesses, all of which have been integrated and trade under the AdEPT Telecom brand

http://www.adept-telecom.co.uk/data-connections/data-quote-tool

AdEPT Telecom lands NHS Trust contract

By John Harrington

November 25 2014, 7:15am
AdEPT Telecom is one of the UK's leading independent providers of voice and data telecommunications solutions
AdEPT Telecom is one of the UK's leading independent providers of voice and data telecommunications solutions


AdEPT Telecom's (LON:ADT) expanding footprint in the public sector had widened further with the award of a new NHS Trust contract.

The initial contract term is for 12 months, and the value of the contract is expected to be in the region of £200,000.

"This contract award is significant as it is AdEPT's first NHS Trust customer contract to be awarded under one of AdEPT's public sector frameworks and forms part of the continuing focus of the company on public sector business," said Ian Fishwick, chief executive of AdEPT.

Fishwick has previously explained to Proactive Investors the significance of frameworks, which essentially identify approved government procurement organisations that government agencies can buy from, without having to go through the hassle of putting a contract out for tender.

AdEPT Telecom to buy back up to 15% of shares

By Philip Whiterow

December 18 2014, 4:42pm
The telecoms services provider can buy back up to 15% of its shares in issue through the scheme.
The telecoms services provider can buy back up to 15% of its shares in issue through the scheme.


AdEPT Telecom (LON:ADT) has launched a limited share buyback scheme just weeks after it raised its interim dividend by 50%.

The telecoms services provider can buy back up to 15% of its shares in issue through the scheme.

AdEPT’s underlying earnings rose by 13% in the half year to September to £2.4mln from £2.1mln. Its dividend hike was a reflection of strong cash flow and confidence in the future, it said then.

Shares today rose 6% to 146.2p, just shy of the high for the year.

19 Dec Northland... 175.00 Buy

AdEPT Telecom buyback highlights strong cash generations says broker

By Philip Whiterow

December 19 2014, 2:38pm
The telecoms services provider is to buy back up to 15% of its shares in issue through the scheme.



AdEPT Telecom’s (LON:ADT) share buyback plans highlight its low capex business model and strong working capital management, says broker Northland.

The telecoms services provider is to buy back up to 15% of its shares in issue through the scheme.

Northland added that AdEPT’s cash generation has been used already to reduce net debt, fund acquisitions and raise the dividend, though it expects the buybacks will be a very gradual process that will not impact the growth strategy.

Buy with a 175p price target remains the broker’s view.

Shares today were trading at 145.9p, up 2%

6 Jan Northland... 175.00

Trading Update
RNS
RNS Number : 3542J
AdEPT Telecom plc
07 April 2015

AdEPT Telecom PLC

("AdEPT" or the "Company")

Trading Update

AdEPT Telecom plc, one of the UK's leading independent providers of voice and data telecommunications solutions, today announces a trading update for the year ended 31 March 2015 (ahead of its final results which are expected to be announced in early July 2015).

· £1.4m (47%) reduction in net borrowings to £1.6m was £1.1m better than consensus market expectations

· EBITDA increase in line with market expectation of 14% rise year-on-year

· Board recommendation of an improved final dividend of 2.50p (2013: final 1.50p)

· Total dividends declared for the year of 4.75p represents an increase of 58% over the prior period

Trading performance

The Company is pleased to announce that it anticipates that underlying EBITDA will be ahead of the previous year and in line with the market consensus expectation of a 14% rise year-on-year. Adjusted* profit before tax is expected to be ahead of the prior year and in line with market consensus expectation. Turnover is expected to be nearly 6% ahead of the previous year but slightly below market expectations.

* adjusted for amortisation and share option costs

Cash flow and net debt

The reduction in net borrowings in the year of £1.4m (47%) was significantly ahead of market expectations being reduced to £1.6m as at 31 March 2015. AdEPT continues to generate consistently strong free cash flow. This reduction in debt is after payment of (i) £0.36m deferred consideration for the acquisition of customer contracts from Bluebell Telecom Limited, (ii) £1.78m initial consideration for the acquisition of Bluecherry Telecom Limited and (iii) a 108 per cent. increase in dividends paid.

Dividends

AdEPT announced an interim dividend of 2.25p per share in its September 2014 interim statement, which will be paid to shareholders on 10 April 2015. The Board today announces that as a result of strong free cash flow it recommends an improved final dividend of 2.50p (2013: 1.50p) per Ordinary Share which, subject to Shareholder approval at the Annual General Meeting later in the year, will be paid in October 2015. Total dividends declared during the year ended 31 March 2015 of 4.75p per Ordinary Share represent a 58 per cent. increase year-on-year (2013: 3.00p).

7 Apr Northland... 175.00 Buy

AdEPT Telecom gains more firepower with improved banking facility

By John Harrington

April 22 2015, 4:54pm
Roger Wilson, chairman of AdEPT Telecom plc, said:'The new bank facility will enable the company to continue with its strategy of consolidation of the fragmented fixed line telecom market in the UK.'
Roger Wilson, chairman of AdEPT Telecom plc, said:"The new bank facility will enable the company to continue with its strategy of consolidation of the fragmented fixed line telecom market in the UK."


Acquisitive telecoms firm AdEPT Telecom (LON:ADT) has sewn-up a new improved banking facility that will fuel its acquisition growth strategy.

The new £15mln revolving credit facility will be in place for five years and replaces the previous £5mln arrangement, which had 18 months to run.

The new increased debt facility will be used by the company to fund the strategic acquisition of businesses within the fragmented fixed line telecom market.

Roger Wilson, chairman of AdEPT Telecom, said:" We continue to identify earnings enhancing acquisition opportunities, and the increased scale and structure of this new debt facility will provide greater flexibility and support for future growth."

Shares in Adept closed at 175p, up 5p on the day.

UPDATE - AdEPT Telecom to acquire rival in earnings enhancing deal worth up to £10.5mln

By Ian Lyall

May 01 2015, 3:45pm
AdEPT reckons the two firms have a well matched customer base and complementary product set with little overlap.
AdEPT reckons the two firms have a well matched customer base and complementary product set with little overlap.


---ADDS BROKER COMMENT AND SHARE PRICE---

Shares in AdEPT Telecom (LON:ADT) rose almost 5% after it said it is acquiring rival voice and data group Centrix for up to £10.5mln.

It is expected that Centrix, which supplies Avaya phone systems to business, will be immediately earnings enhancing.

Analysts said it AdEPT had “secured a keen deal” that values Centrix at just over a year’s revenues.

It will hand over an initial £7mln, with up to a further £3.5mln paid dependent on the newly purchased business’s ongoing financial performance.

Last year Centrix turned over £8.75mln, generating a pre-tax profit of £2.26mln.

Around 80% of those revenues are recurring given the firm’s long-term relationships with medium-sized and large companies.

AdEPT reckons the two firms have a well-matched customer base and complementary product set with little overlap.

“Centrix is an excellent fit because, like AdEPT, it is asset-light, complements and builds upon AdEPT's existing expertise and skills, and further extends its offering in the unified communications space,” said AdEPT chief executive Ian Fishwick.

“Centrix has a high level of recurring revenue and offers a well-developed customer base with long term relationships across a range of medium and large enterprises, including the related vertical markets of public sector and healthcare.”

The shares rose almost 6.2% to 184.3p, valuing the business at just over £40mln.

According to the broker Northland Capital, the purchase will be funded from the recently agreed £15mln debt facility.

It reckons AdEPT has “headroom for further accretive acquisitions in the fragmented reseller market.”

Analyst David Johnson added: “The Centrix acquisition represents a significant step in AdEPT’s stated strategy of increasing its proportion of larger customers, expanding its public sector presence and reducing its reliance on calls and line rental.

“Centrix also brings long term relationships with Avaya and Medusa with the scope for system sales.

“Centrix is a long established and highly profitable business and AdEPT’s management has secured a keen deal.”

He has raised his revenue forecast by 25% and EBITDA by 22%. Johnson has also increased his price target from 175p a share to 210p.

6 May Northland... 210.00 Buy

StockMarketWire.com
AdEPT Telecom posts pre-tax profits of £2.1m for the year the end of March - 15.8% up on last time.

The group reports its 12th consecutive year of increased underlying EBITDA - up 13.5% at £4.6m - on margins of 20.8%, up from 19.4% last time.Revenue increased by 5.8% to £22.1m and the total dividend of 4.75p per share (interim 2.25p, final 2.50p) is up from 3.00p in 2014.

Chairman Roger Wilson said: "AdEPT has delivered its 12th consecutive year of increased EBITDA and continues to deliver consistently free cash flow generation. The Company achieved a significant reduction to net borrowings despite undertaking an acquisition during the year. The continued strong cash generation has funded a 58% increase to dividends declared during the year and the Board is confident that continued focus on underlying profitability and strong cash generation will support a progressive dividend policy.

"Organically the Company has strengthened its position during the year through successfully renewing and leveraging its various frameworks to increase the scale of its public sector customer base. The new larger debt facility put in place after the year end has been partially used by the Company to complete a further acquisition in May 2015, which enables the Company to extend its product portfolio to include specialist unified communications."

Adept Telecom PLC (ADT:LSE) set a new 52-week high during Wednesday's trading session when it reached 230.00. Over this period, the share price is up 99.59%.

The motley fool - Telecoms success

For a really stunning rise, we only need to look at AdEPT Telecom (LSE: ADT). Its shares have doubled over the course of a year to 249p, which is good enough on its own — but they’ve 12-bagged in five years!

AdEPT provides business telecommunications services, and it’s a strategy that has paid off in the form of double-digit earnings growth every year for five years in a row and with the same forecast this year. At the same time, the dividend yield has gone from nothing in 2010 to 3.4% last year. The big question is when that growth is going to slow, especially as this is a small company in a very big market — and EPS growth for 2017 is currently forecast at only 2%.

At market-average P/E ratings the shares don’t look overpriced, but for me the rapid price growth is in the past now.

Award of Framework Agreement
RNS
RNS Number : 2420V
AdEPT Telecom plc
06 August 2015





AdEPT Telecom Plc

("AdEPT" or the "Company")

AdEPT Telecom awarded Network Services framework agreement



AdEPT Telecom plc is pleased to announce that it has been awarded a Network Services framework agreement by the Crown Commercial Service, the procurement arm of central government. The agreement covers Data Access services, Traditional Telephony services, IP Telephony services and Integrated Communications. The agreement is initially for 2 years with the option to extend for a further 2 years.

Ian Fishwick, Chief Executive said: "In May 2015 we announced that the acquisition of Centrix had given us an increased range of products and skills, in particular in IP Telephony and Unified Communications. Whilst winning a Crown Commercial Services Network Services framework agreement is no guarantee that we will win future Public Sector contracts, the important point is that we are now formally approved to be able to offer these services to Public Sector bodies across the UK. Our plans to offer a wider range of products to the Public Sector are proceeding well."

adept-telecom-ceo-eyes-more-public-sector-contracts.

Half Yearly Report
RNS
RNS Number : 0278F
AdEPT Telecom plc
10 November 2015



AdEPT Telecom plc



("AdEPT" or the "Company")



Interim results for the 6 months ended 30 September 2015



AdEPT, one of the UK's leading independent communications integrator and managed service providers, announces its results for the 6 months ended 30 September 2015.



Highlights



· Total revenue increased by 22.8% to £13.9 million (2014: £11.3 million)

· EBITDA increased by 24.8% to £2.9 million (2014: £2.4 million)

· EBITDA margin increased to 21.1% (2014: 20.8%)

· Adjusted profit before tax increased by 19.7% to £2.6 million (2014: £2.2 million)

· Adjusted EPS increased by 23.1% to 10.32p (2014: 8.38p)



· Interim dividend increased by 33.3% to 3.00p per share (2014: 2.25p)



· Operating cash flow before tax of £2.5 million (2014: £2.3 million)



· New £15 million Revolving Credit Facility with Barclays completed in April 2015

· Acquisition of Centrix Limited completed on 1 May 2015

· Net debt, after £7.2 million acquisition payments, of £7.6 million (2014: £3.2 million)



· Managed services revenue increased by 88.7% to £5.7 million (2014: £3.0 million)



Business review

Total revenue increased by 22.8% to £13.9 million with the increase being a reflection of the 5 month revenue contribution from Centrix Limited ("Centrix") following the completion of the acquisition on 1 May 2015. Centrix is a UK based specialist provider of complex unified communications, Avaya IP telephony, hosted IP solutions and managed services. With over 300 Avaya solutions in the UK and across the world Centrix has one of the largest customer bases backed by specialist knowledge of the Avaya Aura solution in particular, which has extended the Group's ability to provide a complete unified communications solution.



AdEPT has had continued success in the public sector and healthcare space during the period winning a number of new contracts with councils and other public sector bodies. Over the last 24 months AdEPT has been successful in gaining new contracts with public sector and healthcare organisations as a result of its various framework agreements. This has seen an increase to 28 councils from 18 in the comparative period. The acquisition of Centrix provided a complementary customer focus both in terms of size and sector. The continued targeting of larger contracts has seen the Premier Customer division now accounting for just over 70% of total revenue at 30 September 2015 (2014: 55%). The public and healthcare sector customer base has been extended and now accounts for 24.3% of total revenue at 30 September 2015 (2014: 13.3%).



In July 2015 AdEPT was awarded approved supplier status under the RM1045 Network Services Framework by the Crown Commercial Service and AdEPT has already been successful in winning new public sector customers under this framework by utilising its extended product portfolio acquired with Centrix. The Company holds additional framework agreements, including the Ja.Net framework agreement under which AdEPT is one of only a small number of companies approved to sell data connectivity and networks to UK universities and colleges, the Eastern Shires Purchasing Organisation sole supplier Telecom Framework to local government and charities for calls, lines, broadband, super-fast broadband (fibre), data connectivity and SIP trunks, and the G-Cloud 6 RM1557vi framework with Crown Commercial Service. Approved supplier status under these framework agreements gives the Company authority to provide services to both local and central government bodies.



In September 2015 Centrix was recognised by being awarded Avaya Partner in Customer Excellence based on independent customer feedback. Subsequently, in October 2015 Centrix was awarded Avaya Certified Gold Partner status, recognising the ability of the Company to deliver leading-edge and world-class communications solutions and support.



AdEPT continues to successfully make the transition from a traditional fixed line service provider to a complete communications integrator offering best of breed products from all major UK networks. Revenue from managed services, including data connectivity, hardware and cloud-based contact centre solutions, increased by 88.7% now accounting for 41.2% of total revenue for the six months ended 30 September 2015 (September 2014: 26.8%). The demand for faster data connectivity speeds continues, and this is being met through a wider data connectivity service offering, including up to 10Gb Optical Spectrum Services (OSA) data connectivity being provided to customers solutions under the Ja.Net framework for universities and colleges.



Financing and cash flow

Cash generated from operating activities before tax increased by 10.3% to £2.5 million (September 2014: £2.3 million), which equates to 99.2% reported EBITDA conversion (after £0.39m one-off acquisition fees). £0.6 million corporation tax instalments were paid during the period ended 30 September 2015 compared to £nil in the comparative period, due to a combination of share option relief and the timing of the instalment payments in the prior period.

Dividends paid in the period absorbed £0.5 million of funds (September 2014: £0.3 million), which is a reflection of the progressive dividend policy of the Company. The Company operates a capex-light model but after 12 years of operation, to ensure that the billing system remains fully supported, £0.2 million has been spent on essential upgrades during the period ended 30 September 2015.



£7.0 million of available funds (net of cash acquired) was used to fund the initial cash consideration for the acquisition of the entire issued share capital of Centrix on 1 May 2015. The interim results for the current period include a 5 month contribution from Centrix, further details of which are included in Note 6. £0.2 million was used to fund the deferred consideration in relation to the acquisition of the entire issued share capital of Bluecherry Telecom Limited on 1 April 2014.



Net debt and bank facilities

A new £15 million Revolving Credit Facility was agreed with Barclays Bank plc on 22 April 2015, part of which was used to fund the initial cash consideration for the acquisition of Centrix. The flexible structure of the new agreement has resulted in a facility which is larger, cheaper and of longer duration than the previous arrangement. The remaining debt facility will be used by the Company to fund the strategic acquisition of earnings-enhancing businesses within the fragmented telecoms and managed services market.

Net borrowings have been increased to £7.6 million at 30 September 2015 largely as a result of £7.2 million acquisition payments. Increased net borrowings following the acquisition resulted in increased gearing to 61% (September 2014: 29%). Net Debt:EBITDA (annualised) ratio remains low at 1.3x at 30 September 2015.



Profit before and after tax

Adjusted profit before tax (adding back non-cash amortisation and one-off acquisition related fees) increased by 19.7% to £2.6 million (September 2014: £2.2 million) arising entirely from the improved underlying operating profit. Reported profit before tax increased by 4.1% to £1.2 million (2014: £1.1 million) and reported profit after tax increased by 8.1% to £0.8 million (2014: £0.8 million).



Earnings per share

Adjusted (basic) earnings per share has increased 23.1% to 10.32p for the six months ended 30 September 2015 (September 2014: 8.38p) as a result of the £0.45 million increase to underlying EBITDA.



Dividends

The Directors have declared an interim dividend of 3.00p per Ordinary Share in respect of the period ended 30 September 2015, an increase of 33.3% over the interim dividend for the comparative period (September 2014: 2.25p). This will absorb approximately £0.67 million of shareholders' funds (September 2014: £0.50 million). It is proposed by the Directors that this dividend will be paid on 8 April 2016 to shareholders who are on the register of members on the record date of 18 March 2016. Subject to the audited results for the year ending 31 March 2016, it is the intention of the Board to propose a final dividend with the March 2016 final results.



Strong free cash flow generation has continued since the end of the period, and there continues to be considerable scope for the Board to continue its progressive future dividend policy.



Director change

The Company announces that after more than 10 years with AdEPT its Sales Director, Joe Murphy, has decided to pursue other opportunities. Joe was instrumental in the development of the partner sales channel for the Company, and the Board would like to take this opportunity to thank Joe for his valuable contribution to AdEPT. Joe will leave the Company with effect from 20 November 2015 with our best wishes for the future.



Outlook

This has been an excellent 6 months with improved results in all key areas and an extremely positive contribution from the Centrix acquisition. We continue to be highly cash generative with adequate debt facilities in place to enable to Board to continue to identify earnings-enhancing acquisitions whilst retaining scope for a progressive dividend policy.



Roger Wilson

Chairman

10 November 2015

10 Nov Northland... 285.00 Buy

wh-ireland-ups-forecasts-on-adept-telecom-after-strong-half-year-result