Right Digital Solutions Limited

The Directors present the Strategic report and financial statements for the year ended 31 December 2022. Review of the business Right Digital Solutions (RDS) has been helping customers manage and optimise their business document, IT, and communication processes for over 30 years. The Company's principal activities continue to be the provision of manufacturer independent, best-of-breed products along with nationwide Managed Technology Services including Managed Print, Managed IT, Workplace communications and Data. Our core objective is to grow sales, contracted service revenues and profits whilst retaining our industry leading customer renewal levels by having the right people with the right skillset to engage, manage and support our customers ensuring we are viewed as a value-added partner who consistently delivers service excellence. We seek to minimise both our and our customers' environmental impact and to invest in new services, expansion and in staff development and training to ensure we differentiate ourselves from our competition. We completed a Management Buy Out (MBO) on 1 November 2022 together with an Enterprise Management Initiative (EMI) share option scheme for mid and senior management which now sees the Company majority owned by its management team allowing those that significantly contribute to driving the business forward to share in its future growth and long-term value. In addition, we have strengthened our Board with the addition of Colin Rutherford as a non-executive director. Colin is an experienced Chairman and CEO of both public and private companies and who was previously Chairman of RDS between 2008 and 2011, during a period of significant growth. The Company continues to be financially strong, and we are pleased to report an increased turnover of £17.89m for the year to 31 December 2022, along with a significant uplift in Earnings before interest, tax, depreciation, and amortisation (EBITDA) to £2.55m which is more than acceptable given the continued challenging UK economy and global technology supply chain issues which have hampered the wider Managed Technology market.