CTS, the cloud provider for law firms, has enjoyed significant success in 2016, as it exceeds growth targets, wins major new clients, and announces the opening of a new City of London office.
CTS has seen revenues rise an impressive 62% to £4m this year on the back of an increase of 50% in 2015. 2016 has been the fourth year in a row of 50%+ growth and CTS now plan to achieve £10m turnover by 2019 based on an organic growth strategy.
The company, which celebrated its 10th anniversary this year, provides hosted and managed IT services to law firms.
CTS recently opened new premises in the City of London to strengthen its position in the capital. Nigel Wright, Founder and Managing Director of CTS, explained; “Opening our new City of London office is an important step in both supporting our growing SE based clients and in strengthening our relationships with partners, referrers and industry bodies.”
CTS has significantly expanded its client base throughout the UK this year with wins in Scotland, Northern Ireland, the North West and the South East of England. They include BTO Solicitors, Cleaver Fulton Rankin, LMS, Speed Medical and Stephensons Solicitors LLP.
To ensure it maintains its excellent reputation for service delivery to clients, CTS has continued its significant investment in datacentre infrastructure. The company has recruited 12 staff in 2016, with personnel numbers set to increase by another 15 in 2017 in line with growth forecasts. To accommodate its growing team of experts, the company is building a state-of-the-art technology centre at its HQ in Daresbury, Cheshire.
Speaking of the company’s continued success, Nigel said: “We remain focussed on delivering one service to one sector, and we deliver it really well. Our focus on law firms means that our experience and expertise are second to none, and our excellent reputation for client delivery continues to grow. We’re delighted to be providing services to some of the leading law firms in the country and helping them to drive the productivity and profitability gains achieved through improved technology use. Our robust business model, based on an 80% recurring revenue rate and a 95% client retention rate, enables us to develop the business to meet our future growth plans.”
CTS is the only Cloud computing provider dedicated to UK laws firms. Our hosted and managed IT services are used by innovative law firms to drive productivity, enable flexible working and boost growth.