RE: For The Record24 Mar 2019 01:07
Cond,
Toop-Market-Share-IV
VOX report 22 March 2019
Justin Waite
"Andy, what's your ambition here, what's going to happen with Toople because you seem to be going quickly and going very well."
Andy Hollingworth
"Well the ambition is, if you look at the small business market, you know there are five and a half million small businesses out there in the UK.
Our ambition over the next 3 to 5 years is to take 5% of that market. That would make us a significant business in customer base size and in revenue size."
Andy Hollingworth, CEO
Andy has worked in the Telecoms Industry for the past 25 years operating at senior levels.
As Director of Wholesale at TalkTalk Plc he lead a growth strategy in the UK reseller market from sub £50m turnover to £250m turnover (£150m net profit with around 30 staff).
Andy then moved into an underperforming area of TalkTalk, the small business and corporate segment, and whilst there moved it
from 18% customer loss into growth of over 3000 customers per month within 3 years.
Contract / Partner News
25 Sep 2018 - 9 partners signed up - "expected to provide a significant positive impact on both wholesale orders and revenues."
29 Aug 2018 - Well known SE-based Reseller £3.5m starts March 2019
23 Aug 2018 - SE Reseller multi sites high street national
05 Jul 2018 - Tech services company - Toople to provide their customers' telecoms solutions - "expected to have a material impact"
05 Jul 2018 - Energy company portfolio expanded to telecoms and broadband - Toople made provider of choice - "expected to have a material impact"
25 May 2018 - Utility Switching Company contract - access to 35,000 SMEs - Initially 3 years
21 May 2018 - SE Telecoms provider - at least £360K over 24months
11 Apr 2018 - Tyre company contract
26 Mar 2018 - Bakery chain contract
Toople have been adding new partners into the business - VOX report 09 November 2018:
Andy H, CEO "...I can see that in the last 60 days there are something like 18 or 19 wholesalers that have signed up to connect into Merlin to take white label..."
That's averaging 9 new partners each month and they have been doing this "under the radar" for 6 months - POTENTIALLY 50+ NEW PARTNERS SIGNED UP!
With conservative figures of 3 rgu's per week from each partner, over 1 year that would generate an extra £2.5million revenue p.a. and Toople will continue to expand the partner base.
Example based on broadband contract @£28pm = £336p.a. --> 3 x 50(partners) x 50weeks x £336 = £2.52 million p.a.
Richard Horsman 17Dec2018: "We expect this channel to achieve continued growth"