Guest Post | Advt. | Query:

Storit Limited, the holding company of CMS Distribution, reports record year for 2016 with revenue up 82% to £325m

London and Ireland, 19th April 2017 : Storit Limited, the holding company of CMS Distribution, a leading specialist distributor supplying business and consumer technologies, today announced a record fiscal year with 82% turnover increase over 2015 to £325m. EBITDA surged by 126% and exceeded £10m for the first time reaching £12.3m.

Highlights :
2016 was a record year for the Group. “We are delighted with the results which showed growth across all areas of the business. Our Enterprise business continued to outpace the market, driving strong growth in security, information management, storage and open source technologies, along with our Retail channels, which also delivered high growth. As our customers continue to deliver innovation around digital transformation, the business portfolio continues to drive change and open doors to new thriving markets” said Frank Salmon, founder and CEO of CMS Distribution Ltd.In April 2016, CMS Distribution acquired Widget Investments. He continued “The Widget business was integrated into CMS Distribution in August ’16, as part of our ongoing strategy of bringing companies together to leverage strengths and synergies. We are very excited with the future potential of this acquisition and its impact on the Group’s financials.”

Further investments in 2016 included the acquisition of a majority stake in Newgen Distribution, a Swedish based distributor serving the Scandinavian market, and the launch of a branch in Madrid, Spain to service the Iberian market. Post year-end, the Group announced the acquisition of TNS Connect, an award-winning distributor of emerging technologies and accessories, headquartered in Ireland but also operating in the UK, mainland Europe, Australia and China.

Outlook for 2017 :
Commenting on the future of the Group, Frank Salmon concluded: “We continue to invest in systems and customer opportunities that will drive growth and sustained value into the future, as we continue to roll out our business model across new territories. I am very excited about the future of the Group.”

Summary Financial Information / Statement :

2016* 2015*
£000’s £000’s
Turnover 324,548 178,241
Gross Profit 29,352 17,197
Profit before Tax 10,049 4,245
EBITDA 12,344 5,466
EBITDA Margin 3.8% 3.1%

*The financial year of Storit runs from 1st January until 31st December.

About Storit Limited :
Storit Limited is the holding company of CMS Distribution.

About CMS Distribution Ltd :
Established in 1988, CMS Distribution seeks out innovative technology companies and connects them to smart customers. CMS Distribution is trade only, selling to over 2,000 business to business and business to consumer Reseller partners. The company employs 350 people across six locations in the UK and Ireland, plus locations in the Netherlands, Sweden, Spain, Australia and China.

For further information on CMS Distribution, please visit .

Have any Question or Comment?

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

…… ……. … …

……… …. …….

….. …… ………

.. ……. …….. 0

buy! buy! CHEAP! Telefonie VoIP CHEAP! buy! buy! CHEAP!

.. ……. …….. .

buy! buy! CHEAP! Telefonie VoIP CHEAP! buy! buy! CHEAP!



For the 2012 MLB period, we found an totals forecast Joao’s Renowned Over/Under João Zorro Gonçalves, Zcode Totals Pro, System of the time with progressions that have been successful over 98 98% ... We eventually perfected our over/under program ( Zcodesystemexclusive ), although it h-AS has brought years of investigation. Five Steps to Making a Winning MLB Method: 1. Execute appropriate cash management tools. 2. MLB rules that are comprehend. 3.Extensive testing back to make sure successful longterm results ...


There is always a challenge when you're dealing with the Foreign Exchange Market. That's just the nature of the beast. The best thing you can do is to learn about how the market operates as a whole so that you will be ready to meet these challenges. iq option penipu Never be misled by any profit gains in binary options. This is the number-one way traders end up losing their money and ultimately failing. Remember that the same things that make you laugh can make you cry in this market, and you can lose that $700.


Learning Polish has never been this fun and easy as with our podcasts Learn Polish with Polishpod101 Start today and become conversational in Polish in no time


The Best Website Agen Poker Resmi Terpercaya come join


Do you need edmonton phone systems service ? Call complete communications today!

……… ……… .


High-tech solutions for easy start-up of your IPTV/OTT-business



Twitter @TechRecur