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 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

Comms Dealer.

Adept Telecom achieves fastest rising telecom share price on LSE

5 January, 2016 - 09:26


Adept Telecom's strong performance last year drove the fastest rising telecom share price on the London Stock Exchange in 2015 at +101.75%, followed by Gamma with +84.47% and KCom at +35.83% (source: Bloomberg 1st January 2016).

"We'd like to say a huge thank you to our investors for their support and also to everyone who has worked for us, or with us, to achieve the results that have underpinned this share price performance," said Adept's CEO Ian Fishwick.

Manx Telecom was ranked fourth with +26.56%, followed by BT at +20.23% and Maintel with +16.67%.

"All other telecom companies on the London Stock Exchange fell in value over the year," added Fishwick.

Trading Update

RNS


RNS Number : 1117U

AdEPT Telecom plc

05 April 2016




AdEPT Telecom PLC

("AdEPT" or the "Company")



Trading Update

AdEPT Telecom plc, one of the UK's leading independent providers of voice, data and unified telecommunications solutions, today announces a trading update for the year ended 31 March 2016 (ahead of its final results which are expected to be announced in early July 2016).

· Net borrowings of £6.2m were £0.8m lower than consensus market expectations

· Underlying EBITDA increase of around 33% will be ahead of market expectation of a 30% rise year-on-year

· Board recommendation of an increased final dividend of 3.50p (2015: final 2.50p)

· Total dividends for the year of 6.50p represents an increase of 37% over the prior period

Trading performance

The Company is pleased to announce that it anticipates that underlying EBITDA of around £6.15m will be around 33% ahead of the previous year (ahead of the market consensus expectation of a 30% rise year-on-year). Turnover is expected to be approximately 30% ahead of the previous year and above market consensus expectation.

Cash flow and net debt

Net borrowings reduction was £0.8m better than market expectations being reduced to £6.2m as at 31 March 2016. AdEPT continues to generate consistently strong free cash flow. This improved performance in debt reduction is after payment of (i) £7.0m initial consideration for the acquisition of Centrix Limited, (ii) £0.2m deferred consideration for the acquisition of Bluecherry Telecom Limited and (iii) a £0.4m increase in dividends paid in the year.

Dividends

AdEPT announced an interim dividend of 3.00p per share in its September 2015 interim statement, which will be paid to shareholders on 8 April 2016. The Board today announces that as a result of strong free cash flow and trading results it recommends an increased final dividend of 3.50p (2014: 2.50p) per Ordinary Share which, subject to Shareholder approval at the Annual General Meeting later in the year, will be paid in October 2016. Total dividends for the year ended 31 March 2016 of 6.50p per Ordinary Share represent a 37 % increase year-on-year (2015: 4.75p).

5 Apr Northland... 300.00

Acquisition

RNS


RNS Number : 7087X

AdEPT Telecom plc

10 May 2016




AdEPT Telecom plc

("AdEPT" or the "Company")



Acquisition of Comms Group UK Limited



The Board of AdEPT, one of the UK's leading independent providers of unified telecommunications solutions, today announces it has signed an agreement with effect from 1 May 2016 to acquire the entire issued share capital of Comms Group UK Limited ("Comms Group"), a well-established UK based specialist provider of unified communications, Avaya IP telephony, hosted IP solutions, IT and managed services.



Acquisition highlights:

· Initial consideration of £3.5m plus the surplus cash balance of Comms Group at completion

· Expected to be immediately earnings enhancing

· Long term relationships with SME customers

· Highly complementary product set

· Asset-light strategy

· Highly experienced senior management team to remain with Comms Group



Strategic rationale

Comms Group offers its clients the delivery of unified communications and managed service solutions specialising in the Avaya IP Office product, which is highly complementary to the existing specialism of AdEPT's Fleet office in the Avaya Aura product. The addition of a skilled team of Avaya IP Office experts, together with an experienced IT Installation and Support team, extends AdEPT's capability and enables it to address the whole market from small through to very large enterprise customers.



AdEPT and Comms Group have each adopted capital asset-light strategies and are dedicated to offering a full suite of flexible data and unified communication solutions.



Information on Comms Group

Comms Group was established in June 2008 by Matt Tarry and Paul Simmons. The company employs 25 people at its Northampton offices and is accredited by Avaya, Cisco and Gamma, supporting customers across the UK. Clients range from major, well known organisations to regional and local businesses, service organisations, entrepreneurs and online businesses in the public and private sectors.



Comms Group offers particular expertise in the provision, support and maintenance of Avaya IP Office product. Comms Group is recognised as a Partner in Customer Excellence by Avaya, its engineering team having achieved SME Expert status together with outstanding independent Customer Satisfaction survey results. In addition, Comms Group is a market leading provider of new and refurbished telecom hardware, providing a supply channel for customers to purchase new and high quality pre-owned equipment at an attractive price point backed up by a comprehensive warranty. At its Northampton offices, Comms Group holds stock from leading manufacturers including Avaya, Mitel, Cisco, Plantronics and Polycom which is used to fulfill direct and online sales orders.



Comms Group has an experienced team of IT professionals which are accredited with Microsoft, Cisco, GFI and Fujitsu in relation to IT services. It provides installation, maintenance and support for customer of all sizes, from a single PC to a virtual cluster, offering pro-active services which allow remote monitoring of customers IT equipment and remotely managed anti-virus software and mail services.



Comms Group will retain its current presence and customer service operation in Northampton. The vendors of Comms Group are to be retained in their current roles within the business for a period of at least 12 months post-completion.



The last filed accounts of Comms Group for the year ended 31 March 2015 reported revenue, operating profit and profit before tax of £3.3 million, £0.5 million and £0.4m respectively. Capital expenditure in the year ended 31 March 2015 was insignificant. Net and gross assets at that date were £1.2 million and £1.8 million respectively.



The trading performance of Comms Group for the year ended 31 March 2016 was ahead of the historic results with the unaudited management accounts of Comms Group showing revenue and operating profit of approximately £3.7 million and £0.8 million respectively.



Consideration

Initial consideration of £3.5 million plus the surplus cash balance of Comms Group at completion is payable in cash. Further consideration of up to a maximum of £3.5 million in cash is payable dependent upon the trading performance of Comms Group post-completion. The total consideration will be funded out of AdEPT's existing bank facilities provided by Barclays.



Ian Fishwick, Chief Executive of AdEPT, commented:

"We are delighted to have acquired such a high quality and profitable business with a strong committed management team. Comms Group is an excellent fit because, like AdEPT, it is asset-light, complements and builds upon AdEPT's existing expertise and skills, particularly within the Avaya product set, and further extends its offering in the unified communications space through the addition of IT services. Following the acquisition, AdEPT is now in a position to provide a complete unified communications offering which can address the whole of the market, from small customers right through to very large enterprise clients. Comms Group has a well-developed customer base with long term relationships across a range of customers. The acquisition is expected to be earnings enhancing from completion."

09:40 10/05/2016
Broker Forecast - Northland Capital issues a broker note on AdEPT Telecom PLC

Northland Capital today reaffirms its buy investment rating on AdEPT Telecom PLC (LON:ADT) and raised its price target to 310p (from 300p). Story provided by StockMarketWire.com

Final Results

RNS


RNS Number : 2128D

AdEPT Telecom plc

05 July 2016




AdEPT Telecom plc

("AdEPT", the "Company" or together with its subsidiaries the "Group")

Final results for the year ended 31 March 2016

AdEPT (AIM: ADT), a leading UK independent provider of award-winning telecommunications services for business-to-business communications, announces its results for the year ended 31 March 2016.

Financial highlights

· 13th consecutive year of increased underlying EBITDA up 34.0% to £6.15m (2015: £4.59m)

· Revenue increased by 30.8% to £28.9m (2015: £22.1m)

· Underlying EBITDA margin % increased by 0.5% to 21.3% (2015: 20.8%)

· 28.7% increase to profit before tax to £2.8m (2015: £2.1m)

· 28.0% increase to profit after tax to £2.0m (2015: £1.5m)

· 27.2% increase to basic earnings per share of 8.78p (2015: 6.90p)

· 24.2% increase to adjusted earnings per share of 19.57p (2015: 15.76p)

· 36.8% increase to dividends declared to 6.50p (Interim 3.00p, Final 3.50p) (2015: 4.75p)

· Year-end net debt* of £6.0m (2015: £1.5m)

Operational highlights

· Managed services accounted for 44.3% of total revenue (2015: 27.4%)

· Acquisition of entire issued share capital of Centrix Limited completed in May 2015

· Acquisition of entire issued share capital of Comms Group UK Limited completed in May 2016



* Net debt is defined as cash and cash equivalents less short-term and long-term borrowings



Commenting upon these results Chairman Roger Wilson said:

"AdEPT has delivered its 13th consecutive year of increased underlying EBITDA through a combination of strategic acquisition and organic contract wins and the Group continues to deliver consistently high levels of free cash flow generation. The continued strong cash generation has funded a 37% increase to dividends declared during the year and the Board is confident that continued focus on underlying profitability and cash generation will support a progressive dividend policy.

Organically the Company has strengthened its position during the year through successfully gaining approved status on further public sector frameworks, which have been leveraged to increase the scale of its public and healthcare sector customer base. The new larger debt facility put in place in April 2015 was partially used by the Company to complete the acquisition of Centrix Limited in May 2015, which has been complemented by a further acquisition of another unified communications provider, Comms Group UK Limited post year end in May 2016. The Company has continued its transition towards a complete managed service provider, with revenue from managed services accounting for more than 44% of the total in the year ended 31 March 2016."



This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014

Director/PDMR Shareholding

RNS


RNS Number : 8755E

AdEPT Telecom plc

21 July 2016




AdEPT Telecom plc

("AdEPT" or the "Company")



Director/PDMR shareholding



AdEPT (AIM: ADT), one of the UK's leading independent communications integrators and managed service providers, today announces that Richard Burbage, Unified Communications Director, has purchased 125,000 shares at 240p per share.



Following the purchase, Richard Burbage is now interested in 125,000 ordinary shares (representing 0.56 per cent. of the issued ordinary share capital).