Tender specialist AM Bid said it is on course to report a £1m turnover for the first time, after rebounding from the effects of the Covid-19 lockdown.
The company said it had faced challenging times last year following the pandemic outbreak, but it had restructured and shifted its focus to public sector contracts.
Led by owner and business development director Andrew Morrison and managing director David Gray, the company reported record revenues for the six months to March.
The change in approach during lockdown saw the business finish last year strongly, reporting its best-ever quarter for revenue for October to December 2020 of £273,734.
Bolstered by its best ever month for revenue in March of £108,369, the firm’s six-month revenue from October 2020 to March 2021 was £543,491 - up 13.3% on last year and ahead of the budgeted figure by 46.1%.
Net profit before tax for the same period was up 20.1% or £109,799.
Gray said: “We are seeing a steady increase in demand for our services as many businesses look to bounce back and rebuild through winning new business.
“In particular, we are supporting an ever-increasing number of organisations looking to bid for public sector contracts as sources of reliable, long-term revenue.
“Having had to make some very difficult decisions in 2020, we are now growing again, by revenue and by head count.
“The demand has seen our continued regrowth and we have gone from having a reduced number of five staff last summer to having 11 today, including one Kickstart employee with a further two to be recruited imminently.”
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