TSL’s fast-growing profits recognised by Sunday Times list11 May 2010
The integrated broadcast systems provider is placed at number 77 in the latest Sunday Times PricewaterhouseCoopers Profit Track 100. The table – which is compiled by Oxford-based research and networking events company Fast Track, with sponsorship from PricewaterhouseCoopers, Lloyds Corporate Markets and UBS Wealth Management – recognises Britain’s top 100 private companies with the fastest-growing profits over the last three years.
According to the Sunday Times Profit Track 100, TSL "designs and installs broadcast systems for television companies, including the BBC and ITV, using its own and third-party components. More than 60% of TSL’s systems are now exported and the company opened an office in Dubai in 2008. The move to high definition (HD) and Dolby sound has bolstered business and the Maidenhead company recently won the contract to develop HD for the Welsh channel S4C. Led by David MacGregor, chairman and majority-owner, the company increased profits 47% a year from £1.3m in 2005 to £4.3m in 2008."
Looking to the future of TSL, managing director David Phillips (pictured) tells PSN-e: "With the recent rapid growth of TSL, we have concentrated on enhancing our management and overall team by recruiting extra talent with the best skills to deal with the swiftly changing technologies and business models in the broadcast business. Additionally, we have made significant investment in training programmes for staff, as well as adding many new university engineering and technical graduates.
"TSL’s aim is to continue to grow as a leading global systems integrator while also enabling our Professional Products Group to further expand its successful range. I believe that the blend of experience and new skills in our team are what will drive our ongoing growth and profitability."