Vision33 Limited

The directors present their strategic report on the company for the year ended 31 December 2024. Review of the business The principal activity of the business for the year was providing Enterprise Resource Planning system software solutions for both public and private organisations. We partner with established software publishers and hosting solution-providers to provide comprehensive information technology system solutions to meet the needs and business challenges of our customers. The company has reported increased turnover, year over year, with a corresponding increase in gross profits and net profit. For the next reporting period, we anticipate continued organic growth in turnover and profits. Principal risks and uncertainties The principal risks and uncertainties facing the company relate primarily to uncertainties in the general economic climate in the UK. While interest rates and inflation have begun to decline slowly, new uncertainties in the form of tariffs and global trade restrictions have arisen. We have found that this has reduced the appetite for investment in large information technology infrastructure projects. In addition, the information technology industry continually undergoes rapid, hard-to-predict change - which creates both challenges and opportunities. Performance monitoring The delivery of the company's strategic objectives is monitored by the directors through Key Performance Indicators (KPI's) and the periodic review of various aspects of the company's operations. The directors consider the following Key Performance Indicators as appropriate measures for the delivery of its corporate strategy. Financial KPI Definition Sales Revenue Growth in sales revenue and strength of the company's market position. Gross Margin Percentage Gross Margin Percentage, defined as gross margin (profit) expressed as a percentage of sales revenue. Net Profit Percentage Net Profit (before taxes and amortization) expressed as a percentage of sales revenue. Annual Recurring Revenue Annual Recurring Revenue (ARR) measures the value of longer-term contracts that provide the company with stable, predictable, recurring revenue and cash flow. Results The company made a pre-tax profit of £560,050 (2023: £311,874) for the year from a turnover of £11,121,393 (2023: 10,341,383). At 31 December 2024 the company had net assets of £1,217,138 (2023: £788,977).