2018: Under the continued guidance of CEO Richard Coulson, this year has seen UK independent office supplies dealer Complete Business Solutions break the £100 million ($130 million) barrier.
Investment by private equity firm Abercross Holdings to the tune of £20 million in late 2017 has helped expedite Coulson’s strategic plan to build up the company over the next five years through organic growth and acquisitions. The reseller made three significant purchases in 2018: OP dealer Office Gold, IT and technical services company Simply Outsourced, and managed services provider Anglo Office Group. The addition of these businesses takes Complete’s locations to over 20 across the UK.
Complete has grown from £8 million in revenues in 2012 to reporting sales of £80 million at the end of 2017 before adding the latest acquisitions over the past few months, representing a phenomenal annual growth rate of 40%. Coulson expects to double sales by 2020.