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Crimson Tide in Tunbridge Wells' profits more than double in first half of the year

By Chris Price

A mobile data and software firm more than doubled profits to £60,000 in the first half of the year after winning contracts like distributing The Evening Standard.

Revenues at Crimson Tide, based in Tunbridge Wells, reached £673,000, up from £614,000 on the same period last year, as the pulled off a series of deals.

Other significant contract wins included a pilot for a leading supermarket and a roll out for Brennans Bread, one of the largest bakeries in Ireland, sold through partner Vodafone.

Crimson Tide's software allows staff to work and report to bosses away from the office

The company’s mpro5 software lets companies mobilise their workforce by providing staff with all the tools they need to complete their jobs outside the office on smartphones, tablets and other devices.

Data synchronises back to a cloud-based scheduling website from where bosses have the power to run reports and alerts at the click of a button.

Earnings before interest, tax and other charges was £198,000, while cash from operations reached £361,000, 38% up on same period last year.

Executive chairman Barrie Whipp said it has been “a very pleasing period for the company” and added it is “well placed to take advantage of recent significant contract wins”.

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