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Ability Matters nears £50m mark amid acquisitions and tender wins

Ability Matters CROP

Ability Matters Group achieved almost £50m in sales last year after it took on more NHS contracts and acquired two firms, including a mobility retailer.

The company, which provides prosthetic, orthotic and mobility products and services to both public and private sectors in the UK and overseas, grew its revenues by 12% to £49.5m in the year ended 31 October 2018.

Operating profits grew to £2.3m thanks largely to new wheelchair contracts on the NHS and increased product sales to third parties.

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During the year, Ability Matters acquired Swedish equipment distributor NordicOrtopedica and UK retailer Milton Keynes Mobility and its two outlets.

The company’s strategic report said that it will continue to focus on expansion into posture and mobility products and services.

John O’Byrne, CEO, said: “We are pleased with another successful year of trading and growth within challenging markets. We continue to focus on growing sustainably in the sectors we operate in whilst continually improving quality of care and service.”

Tags : ability mattersability matters groupnhs contractwheelchair services
Joe Peskett

The author Joe Peskett

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