28th February 2015 - PSI-Pay the end-to-end, account and card-based payment solutions provider is pleased to announce that 2014 was a groundbreaking year for the company. This follows a reassessment of their company strategy, building new partnerships, investing in hiring new industry experts in addition to their existing staff.
PSI-Pay also moved to new, much larger premises based in picturesque Horsham, West Sussex. This allowed PSI-Pay to accommodate the growing number of staff required to service additional business partners and suppliers.
Last year was a financial success for PSI-Pay who experienced a 15% revenue increase and 43% gross profit.
Phil Davies, Managing Director said; “The fruits of our labours began to be realised towards the end of quarter two and the end result was a record breaking year in 2014 in terms of revenue, profit and equally as important, our customer relationships were enhanced.
I am immensely proud of PSI-Pay successfully completing our technology updates including a head office move into larger, more prestigious premises. The story starts back in early 2013 when we commenced planning a radical overhaul of the business. A complete strategic rethink was needed. Some serious soul searching was undertaken and a significant financial investment was committed to. As a privately owned company, we were able to fund all these activities from our own reserves. I am proud of what the team achieved and that the single-minded focus of the customer has paid off.
We hired additional industry professionals to add further value to the team during 2014. Most significantly we overhauled our key supplier relationships to provide a more mutually beneficial partnership culture, inevitably some relationships were severed in favour of higher quality providers and that process is continuing.
The foundations were successfully laid in 2014 and already the signs are looking great for a record 2015. So our hard work has paid off and, in another sense, the hard work now begins in a highly positive way”.
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