logo image
  • News
    • People Moves
    • Deal Wins
    • Demand Drivers
    • M&A and Funding
    • Financial Results
    • Technology
    • Academia
    • Industry News
    • Features
    • Machine Translation
    • — Divider —
    • Slator Pro
    • — Divider —
    • Press Releases
    • Sponsored Content
  • Data & Research
    • Research Reports & Pro Guides
    • Language Industry Investor Map
    • Real-Time Charts of Listed LSPs
    • Language Service Provider Index
  • Podcasts & Videos
  • Events
    • SlatorCon Remote May 2021
    • Localizing at Scale for International Growth
    • Design Thinking May 2021
    • — Divider —
    • SlatorCon Coverage
    • Other Events
  • Directory
  • RFP Center
  • Jobs
MENU
  • News
    • People Moves
    • Deal Wins
    • Demand Drivers
    • M&A and Funding
    • Financial Results
    • Technology
    • Academia
    • Industry News
    • Features
    • Machine Translation
    • — Divider —
    • Slator Pro
    • — Divider —
    • Press Releases
    • Sponsored Content
  • Data & Research
    • Research Reports & Pro Guides
    • Language Industry Investor Map
    • Real-Time Charts of Listed LSPs
    • Language Service Provider Index
  • Podcasts & Videos
  • Events
    • SlatorCon Remote May 2021
    • Localizing at Scale for International Growth
    • Design Thinking May 2021
    • — Divider —
    • SlatorCon Coverage
    • Other Events
  • Directory
  • RFP Center
  • Jobs

Register Now for SlatorCon Remote on May 13th!

  • Slator Market Intelligence
  • Slator Advertising Services
  • Slator Advisory
  • Login
Search
Generic filters
Exact matches only
Advertisement
Alpha Revenues to Rebound from GBP 15.3M in 2018 Says Company Director

1 year ago

January 14, 2020

Alpha Revenues to Rebound from GBP 15.3M in 2018 Says Company Director

Financial Results ·

by Seyma Albarino

On January 14, 2020

1 year ago
Financial Results ·

by Seyma Albarino

On January 14, 2020

Alpha Revenues to Rebound from GBP 15.3M in 2018 Says Company Director

Language service provider (LSP) Alpha CRC was founded in the late 1980s in the UK, and has a presence today in other parts of Europe as well as Asia, Brazil, and the US. On December 23, 2019, the LSP filed its financial report for the year ending December 31, 2018.

Revenues for 2018 dropped by 8.4% to GBP 15.3m (USD 20.1m), compared to 2017 revenues of GBP 16.7m. This marks the third consecutive year of declining revenues since 2015, when the company achieved revenues of GBP 19m (USD 25.1m).

In terms of the bottom line, Alpha managed to generate a small operating profit of GBP 0.375m, in line with the prior year’s GBP 0.395m. While admin expenses remained constant at roughly GBP 4m, the company’s cost of sales fell by GBP 1.1m (i.e., proportionately in line with revenues).

Advertisement

The biggest component of cost of sales at LSPs are freelancer costs or salaries paid to internal linguists. At Alpha, it is the latter as, according to its website, it is “one of the world’s only major localisation companies to use an in-house model.” Gross margin for 2018, therefore, was up slightly from 2017 (29% versus 28%, respectively).

Slator 2020 Language Industry Market Report

Data and Research, Slator reports
55 pages. Total market size, biz dev and sales insights, TMS & MT review, buyer segment analysis, M&A, Covid impact & outlook.
$480 BUY NOW

According to regulatory filings, 2018’s “strategic focus on four vertical markets (IT; motor and technical; games; fashion and lifestyle), together with actions to improve margins generally and to eliminate very low margin business, led to a small drop in revenue and an increase in gross margin.” The message credits a “significant new engagement in the last part of 2018” with establishing “a foundation for increased revenue in 2019.”

According to the report, Alpha reduced its bank borrowings while improving its overall liquidity. “It is expected that working capital will reach a comfortable position early in 2020,” the directors concluded.

Looking ahead, the report goes on to note that Alpha “is in a position to absorb up to GBP 10m of further sales without significant increase in overhead, while increased automation of workflows will help to further improve margins.”

Travel and Retail 2019 Translation and Localization Report

Slator 2019 Travel & Retail Localization Report

Data and Research, Slator reports
29-page report. Travel and retail overview. Role of the language services industry. Market size. Competitive landscape. Biz Dev.
$230 BUY NOW

Alpha plans to increase business with existing clients, increase client acquisition through better marketing, and increase the range of verticals it addresses “by adding another specialist group based around a number of existing clients.” But the LSP is not banking on a sales push alone to restart growth. The company says it “also intends to make at least one further acquisition in the 2019-2020 financial year.”

While Alpha has yet to announce an acquisition, its initiatives appear to be bearing fruit. Asked about how the company performed in the 2019 financial year, Vassilis Chamalidis, Director at Alpha, told Slator that “revenues increased by 8% and net profit margin rose to close to 10% as a result of increased efficiencies through improved and other process improvements.”

TAGS

Alpha CRC
SHARE
Seyma Albarino

By Seyma Albarino

Staff Writer at Slator. Linguist, music blogger and reader of all things dystopian. Based in Chicago after adventures on three continents.

Advertisement

SUBSCRIBE TO THE SLATOR WEEKLY

Language Industry Intelligence
In Your Inbox. Every Friday

SUBSCRIBE

SlatorSweepSlatorPro
ResearchRFP CENTER

PUBLISH

PRESS RELEASEDIRECTORY LISTING
JOB ADEVENT LISTING

Bespoke advisory including speaking, briefings and M&A

SLATOR ADVISORY
Advertisement

Featured Reports

See all
Pro Guide: Translation Pricing and Procurement

Pro Guide: Translation Pricing and Procurement

by Slator

Slator 2020 Language Industry M&A and Funding Report

Slator 2020 Language Industry M&A and Funding Report

by Slator

Slator 2021 Data-for-AI Market Report

Slator 2021 Data-for-AI Market Report

by Slator

Slator 2020 Medtech Translation and Localization Report

Slator 2020 Medtech Translation and Localization Report

by Slator

Press Releases

See all
MasterWord Services Inc. Names Jeanette Stewert as Vice President of Operations

MasterWord Services Inc. Names Jeanette Stewert as Vice President of Operations

by MasterWord

XTRF Welcomes Roberto Ganzerli to Its Advisory Board

XTRF Welcomes Roberto Ganzerli to Its Advisory Board

by XTRF

Venga Reshapes Language Review with InQA Cloud Application

Venga Reshapes Language Review with InQA Cloud Application

by Venga Global

Upcoming Events

See All
  1. SlatorCon Remote May 2021

    by Slator

    · May 13 @ 3:00 pm - 8:00 pm

    A rich online conference which brings together our research and network of industry leaders.

    More info $110

Featured Companies

See all
Sunyu Transphere

Sunyu Transphere

Text United

Text United

Memsource

Memsource

Wordbank

Wordbank

Protranslating

Protranslating

SeproTec

SeproTec

Versacom

Versacom

Smartling

Smartling

XTM International

XTM International

Translators without Borders

Translators without Borders

STAR Group

STAR Group

memoQ Translation Technologies

memoQ Translation Technologies

Advertisement

Popular articles

Google Translate Not Ready for Use in Medical Emergencies But Improving Fast — Study

Google Translate Not Ready for Use in Medical Emergencies But Improving Fast — Study

by Seyma Albarino

The Slator 2021 Language Service Provider Index

The Slator 2021 Language Service Provider Index

by Slator

Why Netflix Shut Down Its Translation Portal Hermes

Why Netflix Shut Down Its Translation Portal Hermes

by Esther Bond

SlatorPod: The Weekly Language Industry Podcast

connect with us

footer logo

Slator makes business sense of the language services and technology market.

Our Company

  • Support
  • About us
  • Terms & Conditions
  • Privacy Policy

Subscribe to the Slator Weekly

Language Industry Intelligence
In Your Inbox. Every Friday

© 2021 Slator. All rights reserved.

Sign up to the Slator Weekly

Join over 13,800 subscribers and get the latest language industry intelligence every Friday

Your information will never be shared with third parties. No Spam.