Quartix recorded double-digit sales growth in 2012, whilst its new unit installation rate has risen to more than 3,000 per month, excluding upgrades and renewals.
Sales were up 24 per cent to £8.3m and are expected to grow by at least 50 per cent in 2013, following a number of significant contract wins. New unit installations are forecasted to reach 5,000 per month by mid-year.
Quartix added 1,400 new fleet customers during the year from a broad range of industry sectors. Organisations from both the private and public sectors chose the Quartix system, including Volvo Construction Equipment, Worcester City Council, Alton Towers, Days Contract Hire, Amaryllis Group, and Greater Manchester Police.
A highlight of the year was the winning of a contract from LOCOG for the provision of 650 tracking systems used in courtesy cars for visiting officials and dignitaries during the Olympic and Paralympic Games of London 2012.
“Operating profit increased by 60 per cent to £2.9m in 2012, making us one of the most financially stable companies in the tracking sector. Furthermore, we only offer direct rental and purchase options, which means our customers do not need to go through third-party leasing,” said Quartix sales and marketing director Andy Kirk.
“It is increasingly important for prospective customers to make sure their telematics supplier has a good credit rating, coupled with a strong balance sheet, as engaging in a contract with a financially weak provider is extremely risky.”