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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Toople Plc | LSE:TOOP | London | Ordinary Share | GB00BZ8TP087 | ORD 0.01P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.0% | 0.0085 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Radiotelephone Communication | 3.01M | -1.22M | -0.0002 | -0.50 | 507.04k |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 0.0085 | GBX |
Toople (TOOP) Share Charts1 Year Toople Chart |
|
1 Month Toople Chart |
Intraday Toople Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 28/11/2022 | 13:13 | TOOPLE.com - Fast Growing Telecoms & Broadband for UK Businesses | 8,699 |
| 23/11/2022 | 21:23 | *** TOOPLE.COM *** Telecoms Business Growing Exponentially | 9,097 |
| 19/10/2022 | 08:20 | TOOP Placing due by December 2021? | 361 |
| 26/7/2022 | 10:38 | TOOPLE - Business Broadband | 570 |
| 31/12/2021 | 09:57 | TOOPLE...ABOUT TO TOPPLE? | 31 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 07/12/2023 08:20 by Toople Daily Update Toople Plc is listed in the Radiotelephone Communication sector of the London Stock Exchange with ticker TOOP. The last closing price for Toople was 0.01p.Toople currently has 5,070,373,633 shares in issue. The market capitalisation of Toople is £507,037. Toople has a price to earnings ratio (PE ratio) of -0.50. This morning TOOP shares opened at - |
Posted at 22/9/2022 08:27 by flughafen17 Following on from yesterday's post I noticed that the share price has been driven down from 0.020p to the current 0.0095p on hideously low volume.In 2 months only 14% of the issued capital has been traded, barely £130,000 of value, or around 800m shares, it seems to me that it would only take modest volume, or a decent update and the share price could propel very quickly, potentially back to 0.020p or even 0.030p which is where the bid was on the 18th July. Looking at the CEO's LinkedIn profile he has excellent credentials and reputation, surely he would not want to tarnish that by taking TOOP into a dark hole so soon after his CEO appointment. Has the market priced TOOP wrongly one wonders ? DYOR etc |
Posted at 22/9/2022 08:26 by flughafen17 Couple of posts from LSE concerning TOOP, not your usual garbage.......The silence from the BOD is almost negligent given the fall in the market value of the company, at current levels TOOP is valued at only £480k verses the £2.5m reached in April and the £1.5m back in July. The damage seemed to be done by the suggestion they would delist from the Main Market and join the liquidity dry market known as AQSE, the 'deadline' implied has been missed by nearly 1 month. 2 months ago the CEO posted this on his Linkedin profile, hardly a requisite of a dying company is it ..... 'As DMSL - The business telecoms experts and Toople.com continue to win a lot of new customers we are looking to expand our sales support team. Please apply directly to Izzy M or myself if you have the pre-requisite skills, attitude and aptitude' AIM has history of companies whose share prices are in the gutter but then can rise 200%/300% in a day or two, unless affairs at TOOP are terminal then this may be one to watch, the proposition is approaching a binary one. Some update must be due shortly. |
Posted at 15/7/2022 19:25 by iceagefarmer from toople website...sounds very promisingInvestment Case Business Model Growth Drivers Summary Toople targets both the direct to customer (retail) and the wholesale markets, where white label services are offered on behalf of other companies. The Group has relationships with well over 100 partners which actively sell the group’s services as a complement to the direct sales channels. These companies are given access to Toople’s proprietary software platform. Services are immediately available to customers at an attractive price that is always fixed for the life of the contract. This fixed price offering is one of the Group’s unique selling points. Toople PLC’s successful “Online First” business model is supported by direct digital marketing campaigns and a sales centre based in Durban, South Africa. The business uses multiple sales and marketing channels and a proprietary delivery platform, which ensures that customers receive instant quotes based on the most competitive prices available. Reach across the UK small business and residential markets continues to grow rapidly, firmly positioning the business as the alternative telecommunications provider of choice in its target markets. Business Model Toople PLC’s digital marketing spend increases in line with its growth, and the goal is that in excess of one million business owners and decision makers in the UK see its propositions every month via direct digital marketing, the use of social media channels and internet search engines. Increases in customer numbers vindicate this. Customer conversion rates continue to improve driven by a dedicated sales and marketing resources in Durban, South Africa. DMSL also has sales and quality operations based in the same Durban site. The combined group is now of larger scale, opening up opportunities to benefit from operational gearing and operating efficiencies. A growing customer base results in a lower cost of acquisition per customer, and boosts Toople PLC’s future outlook, as operational automation further develops and more people continue to work from home, and average revenue per user improves. Toople PLC is in a position to invest further in its digital marketing strategy to increase the rate of customer enquiries and correspondingly to improve conversion rates. Given that these customers are typically signing two year fixed contracts, the company can use this opportunity to accelerate its timeframe to cash generation and profitability. Growth Drivers Growth is being driven by a number of factors, not least a noticeable switch by UK SMEs to superfast fibre broadband, ahead of the eventual closure of existing legacy copper infrastructure in 2025. As businesses are forced to review their existing telecoms services, many are seeking new solutions which provide enhanced quality at an affordable fixed price. SMEs are increasingly dissatisfied with a lack of price transparency, poor service offerings and poor customer service from the traditional tier one providers. Toople is taking advantage of these failings by its bigger competitors and is fast becoming a major disruptor in our segment of the market. This trend is coupled with a seismic shift in UK working practices, whereby more and more workers are either electing or being asked to work from home, driving more reliance on home based telecoms, IT and broadband solutions. Toople PLC’s operating brands have experienced substantial growth since inception, in terms of both customer numbers and revenue generated by those customers. Products are flexible and carrier agnostic. This, coupled with excellent customer support, has resulted in impressive new customer acquisition numbers over time. Summary Toople PLC aims to become the telecoms supplier of choice for its target markets in the UK, by delivering instant, easy, communication solutions with a transparent pricing model. This will mean further investment in direct digital marketing to drive customer and profit growth, as well as visibility and predictability of revenues over the medium and longer term. Following the acquisition of DMSL, the combined group is now of larger scale, opening up opportunities to benefit from operational gearing and operating efficiencies. DMSL is also cash generative, accelerating Toople PLC’s timeline to achieve profitability and positive cash generation. Toople PLC will continue to grow by adding new customers, selling add-ins to existing customers and exploring synergistic acquisition opportunities. The company is operating in a large and growing target market with a rapidly increasing customer base and clear demand for its products and services. Our strategy is delivering an increasingly predictable recurring revenue stream and with an experienced and proven management team in place, capable of scaling the company both organically and via acquisitions, we believe the future for Toople PLC is very positive. |
Posted at 15/7/2022 19:20 by iceagefarmer read this guys..from the toople websiteInvestment Case Business Model Growth Drivers Summary Toople targets both the direct to customer (retail) and the wholesale markets, where white label services are offered on behalf of other companies. The Group has relationships with well over 100 partners which actively sell the group’s services as a complement to the direct sales channels. These companies are given access to Toople’s proprietary software platform. Services are immediately available to customers at an attractive price that is always fixed for the life of the contract. This fixed price offering is one of the Group’s unique selling points. Toople PLC’s successful “Online First” business model is supported by direct digital marketing campaigns and a sales centre based in Durban, South Africa. The business uses multiple sales and marketing channels and a proprietary delivery platform, which ensures that customers receive instant quotes based on the most competitive prices available. Reach across the UK small business and residential markets continues to grow rapidly, firmly positioning the business as the alternative telecommunications provider of choice in its target markets. Business Model Toople PLC’s digital marketing spend increases in line with its growth, and the goal is that in excess of one million business owners and decision makers in the UK see its propositions every month via direct digital marketing, the use of social media channels and internet search engines. Increases in customer numbers vindicate this. Customer conversion rates continue to improve driven by a dedicated sales and marketing resources in Durban, South Africa. DMSL also has sales and quality operations based in the same Durban site. The combined group is now of larger scale, opening up opportunities to benefit from operational gearing and operating efficiencies. A growing customer base results in a lower cost of acquisition per customer, and boosts Toople PLC’s future outlook, as operational automation further develops and more people continue to work from home, and average revenue per user improves. Toople PLC is in a position to invest further in its digital marketing strategy to increase the rate of customer enquiries and correspondingly to improve conversion rates. Given that these customers are typically signing two year fixed contracts, the company can use this opportunity to accelerate its timeframe to cash generation and profitability. Growth Drivers Growth is being driven by a number of factors, not least a noticeable switch by UK SMEs to superfast fibre broadband, ahead of the eventual closure of existing legacy copper infrastructure in 2025. As businesses are forced to review their existing telecoms services, many are seeking new solutions which provide enhanced quality at an affordable fixed price. SMEs are increasingly dissatisfied with a lack of price transparency, poor service offerings and poor customer service from the traditional tier one providers. Toople is taking advantage of these failings by its bigger competitors and is fast becoming a major disruptor in our segment of the market. This trend is coupled with a seismic shift in UK working practices, whereby more and more workers are either electing or being asked to work from home, driving more reliance on home based telecoms, IT and broadband solutions. Toople PLC’s operating brands have experienced substantial growth since inception, in terms of both customer numbers and revenue generated by those customers. Products are flexible and carrier agnostic. This, coupled with excellent customer support, has resulted in impressive new customer acquisition numbers over time. Summary Toople PLC aims to become the telecoms supplier of choice for its target markets in the UK, by delivering instant, easy, communication solutions with a transparent pricing model. This will mean further investment in direct digital marketing to drive customer and profit growth, as well as visibility and predictability of revenues over the medium and longer term. Following the acquisition of DMSL, the combined group is now of larger scale, opening up opportunities to benefit from operational gearing and operating efficiencies. DMSL is also cash generative, accelerating Toople PLC’s timeline to achieve profitability and positive cash generation. Toople PLC will continue to grow by adding new customers, selling add-ins to existing customers and exploring synergistic acquisition opportunities. The company is operating in a large and growing target market with a rapidly increasing customer base and clear demand for its products and services. Our strategy is delivering an increasingly predictable recurring revenue stream and with an experienced and proven management team in place, capable of scaling the company both organically and via acquisitions, we believe the future for Toople PLC is very positive. |
Posted at 20/1/2022 07:59 by sharetalk PLC Opening of Second Contact Centre Supported by BT20 January 2022Toople PLC (LSE: TOOP), a provider of bespoke telecom services to UK SMEs and a reseller of BT's products and services, is delighted to announce that it has opened a second contact centre based in South Cheshire, which is now fully operational. This new facility is supported by BT who will provide assistance, training and onboarding for staff supporting customers around BT's product portfolio. It will be solely focused on new customer acquisitions for the SME segment within BT's Enterprise business and will be complementary to Toople's existing centre located in Durban, South Africa, which manages over 200,000 existing customers for Toople and its subsidiary company DMSL. The support received from BT for the new centre has minimised set up and operating costs, maximizing potential returns.The new contact centre will deliver a 'beginning to end' solution, futureproofing the customer and delivering on Toople's proposition of value and efficiency. By utilising digital marketing skills and content creation to stimulate demand and then specially trained sales agents to build on the Company's seamless and effective customer consultation process, the Company will provide a range of ultrafast, live, and cloud-based solutions.Steve Rathborne, Partner Channel Director for BT Enterprise, commented:"We are delighted to be working with Toople and DMSL on this new operation. Building on our long-standing partnership, this initiative will provide more customers with access to our market leading BT portfolio of business communication services."Andy Hollingworth, CEO of Toople, added:"As the UK returns to more normal trading conditions, and as Covid-19 progresses from pandemic to endemic, we believe that customers will grow in confidence to switch their suppliers. Creating an exciting, and smooth customer journey is no longer a luxury, it's a necessity and our new contact centre will help us to achieve that. SMEs are now also focused on the move from copper to next generation fibre. Together with a need for cost certainty, and as prices rise as supply chains kick back into gear, these trends machinate in the perfect opportunity for us to increase our sales initiative, with a focus on providing these ultrafast, live, and cloud-based solutions from BT to our new and existing customers." |
Posted at 04/1/2022 11:23 by verulamium TOOP, 23/3/2017The Company has seen strong interest in the newly launched telephony service which the Board believe should provide a key driver for new customer acquisition going forward. In addition to having higher margins, the telephony service has the additional benefit that customers (to date) are typically signing 36 month agreements TOOP, 16/8/2017 Andy Hollingworth, CEO, Toople Plc, said: "Having targeted 1,000 contracted small business customers by the end of the summer, I am delighted to inform the market that we have achieved this ahead of schedule and within budget. There are currently five million small businesses in the UK which means our business model is now ready to scale and actively market to this lucrative customer pool. We expect to see continued growth and momentum building during the second half of 2017 and I look forward to updating the market in due course." TOOP, 16/11/2017 This growth in customer order numbers follows the implementation of the Company's sophisticated digital marketing campaign. The digital marketing strategy has increased the average number of customer leads generated per month by over 100% compared to the levels seen in June. TOOP, 23/7/2018 The Board is pleased to report that during the three months since 31 March 2018 the Company has made significant operational progress across a number of key areas within the business. The Company has achieved a number of new contract wins which are performing well and driving revenue growth TOOP, 11/9/2018 We are delighted to announce this over-subscribed placing. The Company has made great operational and financial progress in recent months and securing this injection of capital leaves the Company with a healthier balance sheet and well capitalised to continue our growth strategy. Importantly, we expect this funding to see the Company through to positive cash flow generation. TOOP, 11/4/2019 "Toople has ended the first six months of its financial year, as we began it, trading strongly, with our digital marketing campaign and investment in in-house sales paying off. We are generating an increasing level of enquiries from potential customers and a growing conversion rate." TOOP, 15/5/2019 -- Strong current trading including a record month in April 2019 and a healthy new business pipeline, with over 900 orders in the month from over 600 small businesses placing orders with Toople for the first time -- Cash at period end of GBP1.15 million in-line with expectations and sufficient to allow business to continue with the growth plan outlined at time of Placing completed in September 2018 TOOP, 17/9/2019 The Company continues to make great progress, as evidenced by sales figures over the normally quieter summer period. TOOP, 31/1/2020 This is a transformational acquisition for Toople...the combined business will accelerate to EBITDA profitability and cash self-sufficiency.... TOOP, 31/3/2020 Following the outbreak of COVID-19, Toople was quickly able to deploy its unified communications platform across its entire workforce and all employees, in the UK, Durban and Poland, have been able to work remotely without disruption to any of the Company's key business functions. As a result, sales, billing and customer support functions have remained largely unaffected and the business has continued to perform well, signing new customers and servicing existing ones. TOOP, 29/9/2020 The Company is pleased to confirm the integration and review of the combined group is now complete...This is expected to transform the company's cash position over time...considerably accelerating the Company's anticipated timeline to achieve profitability and positive cash generation TOOP, 8/12/2020 Toople continues to add new business across a variety of sectors...new business pipeline remains strong. We look forward to updating the market further when we announce our final results in due course |
Posted at 23/12/2021 08:33 by sharetalk Toople PLC13 September 2021Update on Trading and Contract WinsToople PLC (LSE: TOOP), a provider of bespoke telecom services to UK SMEs, is pleased to provide the following update.Update on TradingThe Company has experienced strong order numbers from existing and new customers over the summer period. These are substantially ahead of previous summer trading periods. This has been driven by two principal factors: the staycation phenomenon, meaning that fewer customers have travelled abroad; and an increase in contact rates between the Company and existing and new customers. Contact rates and conversions have also been helped by an investment in marketing initiatives.As new working practices are normalised, employers are increasingly providing their workforce with flexible working platforms, which in many cases will result in a duplication of telecom services in various spaces. This is expected to increase demand for the Group's services. For instance, the increasing popularity of hot desk and hub environments is a positive trend, which will increase future demand of cloud based propositions which support flexible mobile working.New Contract WinsThe Company continues to grow its revenue base with a number of contract wins and contract extensions. As much of the nation returns to work this month, the Company is today delighted to announce significant recent major contracts signed with three new customers in the financial services sector, as well as the extension of its services to two existing customers.Two of the contract wins are with separate UK based credit unions. The first operates from two different sites in the UK with a cloud voice telephony contract for an initial period of 60 months. The new customer had an antiquated system in place, which was no longer fit for purpose, and Toople has provided a new system that supports fibre connectivity, and by implication flexible working patterns. Similarly, the second customer has signed an initial cloud voice telephony contract for 60 months. Toople increased the customer's number of seats as its employees returned to the office with the new solution supporting future flexible working.The third new customer is a respected firm of solicitors based in East Anglia. The cloud voice telephony contract is for a 60 month period. Toople was able to upgrade the customer's incumbent infrastructure which comprised of old analogue ISDN circuits. The new customer is now communicating via completely transformed fibre and cloud supported services in a more secure environment.Over the past three years Toople has been delivering data connectivity and cloud solutions to a large bakery brand in London. Higher demand for this brand has been driven by the pandemic and an increase in on-line deliveries and orders from stores supported by Toople's infrastructure. The bakery has pursued a rapid store expansion programme over the summer months, and Toople now has over 70 locations (store and distribution centres) linked to superfast data connectivity, 4G back up facilities, and cloud voice solutions.Similarly, Toople has also recently provided a rapid expansion of cloud voice capabilities to a national building merchant, where consumer demand has increased sharply as it encouraged staff to return to the office. It has extended its 36 month contract with Toople, which now supports over 200 cloud telephony solutions.Andy Hollingworth, CEO commented:"Summer is traditionally a quieter period, as existing and potential customers put their plans on hold until the big return to work in September. However, this summer we saw robust orders from new and existing customers, including those reported above. These sales levels are not only due to extraneous factors such as more people staying at home and changes in working environments, but it is also due to our targeted sales and marketing initiatives."We anticipate continued momentum as many in the UK return to their places of work following many months of lockdowns, shielding, isolation, and voluntary working from home arrangements, as evidenced by very recent contract wins and extensions. Hybrid working and the need to remain connected are all encouraging trends for our business."We are approaching our year end with robust order volumes and a substantially improved bad debt position following the implementation of new procedures last year. There continues to be an attractive market in consolidation opportunities within our sector. This gives us cause for continued optimism for the Group's prospects."About Toople PLCToople PLC is incorporated in the UK and listed on the main market of the London Stock Exchange. The business currently trades under four main brands: toople.com ; dmsluk.co.uk ; broadbandandphones.c |
Posted at 04/12/2021 09:00 by sharetalk Toople PLC02 December 2021Conditional Placing of New Ordinary Shares and Notice of General MeetingToople PLC (LSE: TOOP), a provider of bespoke telecom services to UK SMEs, is pleased to announce that it has conditionally placed 838,812,272 new ordinary shares in the Company (the "Placing Shares") with institutional and other investors at 0.045p per share (the "Placing Price") to raise GBP0.38m (before expenses) (the "Placing").The Placing was supported by many of the Company's existing shareholders including its two largest shareholders as well as key members of the Board. The Placing was oversubscribed and will utilise all of the existing share issue capability of the Company. The net proceeds of the Placing will used be to provide further working capital to support the Company's growth and enhance the Company's service offerings.As the Placing Price is below the current nominal value of the Company's ordinary shares, the Company is convening a General Meeting ("GM") to obtain shareholder approval for a proposed capital reorganisation ("Reorganisation"). Under the Reorganisation each existing ordinary share of 0.0667 pence will be subdivided into one new ordinary share of 0.01 pence ("New Ordinary Share") and one deferred share of 0.0567 pence per share.The GM will be held at Direct Market Services Limited - Unit 2, Woodside, Birchanger, Bishops Stortford,Hertfordsh |
Posted at 13/9/2021 07:03 by sharetalk A good announcement this morning from Toople, with strong orders over the summer, "substantially ahead of previous summer trading periods":Toople PLC13 September 2021Update on Trading and Contract WinsToople PLC (LSE: TOOP), a provider of bespoke telecom services to UK SMEs, is pleased to provide the following update.Update on TradingThe Company has experienced strong order numbers from existing and new customers over the summer period. These are substantially ahead of previous summer trading periods. This has been driven by two principal factors: the staycation phenomenon, meaning that fewer customers have travelled abroad; and an increase in contact rates between the Company and existing and new customers. Contact rates and conversions have also been helped by an investment in marketing initiatives.As new working practices are normalised, employers are increasingly providing their workforce with flexible working platforms, which in many cases will result in a duplication of telecom services in various spaces. This is expected to increase demand for the Group's services. For instance, the increasing popularity of hot desk and hub environments is a positive trend, which will increase future demand of cloud based propositions which support flexible mobile working.New Contract WinsThe Company continues to grow its revenue base with a number of contract wins and contract extensions. As much of the nation returns to work this month, the Company is today delighted to announce significant recent major contracts signed with three new customers in the financial services sector, as well as the extension of its services to two existing customers.Two of the contract wins are with separate UK based credit unions. The first operates from two different sites in the UK with a cloud voice telephony contract for an initial period of 60 months. The new customer had an antiquated system in place, which was no longer fit for purpose, and Toople has provided a new system that supports fibre connectivity, and by implication flexible working patterns. Similarly, the second customer has signed an initial cloud voice telephony contract for 60 months. Toople increased the customer's number of seats as its employees returned to the office with the new solution supporting future flexible working.The third new customer is a respected firm of solicitors based in East Anglia. The cloud voice telephony contract is for a 60 month period. Toople was able to upgrade the customer's incumbent infrastructure which comprised of old analogue ISDN circuits. The new customer is now communicating via completely transformed fibre and cloud supported services in a more secure environment.Over the past three years Toople has been delivering data connectivity and cloud solutions to a large bakery brand in London. Higher demand for this brand has been driven by the pandemic and an increase in on-line deliveries and orders from stores supported by Toople's infrastructure. The bakery has pursued a rapid store expansion programme over the summer months, and Toople now has over 70 locations (store and distribution centres) linked to superfast data connectivity, 4G back up facilities, and cloud voice solutions.Similarly, Toople has also recently provided a rapid expansion of cloud voice capabilities to a national building merchant, where consumer demand has increased sharply as it encouraged staff to return to the office. It has extended its 36 month contract with Toople, which now supports over 200 cloud telephony solutions.Andy Hollingworth, CEO commented:"Summer is traditionally a quieter period, as existing and potential customers put their plans on hold until the big return to work in September. However, this summer we saw robust orders from new and existing customers, including those reported above. These sales levels are not only due to extraneous factors such as more people staying at home and changes in working environments, but it is also due to our targeted sales and marketing initiatives."We anticipate continued momentum as many in the UK return to their places of work following many months of lockdowns, shielding, isolation, and voluntary working from home arrangements, as evidenced by very recent contract wins and extensions. Hybrid working and the need to remain connected are all encouraging trends for our business."We are approaching our year end with robust order volumes and a substantially improved bad debt position following the implementation of new procedures last year. There continues to be an attractive market in consolidation opportunities within our sector. This gives us cause for continued optimism for the Group's prospects."About Toople PLCToople PLC is incorporated in the UK and listed on the main market of the London Stock Exchange. The business currently trades under four main brands: toople.com ; dmsluk.co.uk ; broadbandandphones.c |
Posted at 13/9/2021 06:19 by sharetalk A good announcement this morning from Toople, with strong orders over the summer:Toople PLC13 September 2021Update on Trading and Contract WinsToople PLC (LSE: TOOP), a provider of bespoke telecom services to UK SMEs, is pleased to provide the following update.Update on TradingThe Company has experienced strong order numbers from existing and new customers over the summer period. These are substantially ahead of previous summer trading periods. This has been driven by two principal factors: the staycation phenomenon, meaning that fewer customers have travelled abroad; and an increase in contact rates between the Company and existing and new customers. Contact rates and conversions have also been helped by an investment in marketing initiatives.As new working practices are normalised, employers are increasingly providing their workforce with flexible working platforms, which in many cases will result in a duplication of telecom services in various spaces. This is expected to increase demand for the Group's services. For instance, the increasing popularity of hot desk and hub environments is a positive trend, which will increase future demand of cloud based propositions which support flexible mobile working.New Contract WinsThe Company continues to grow its revenue base with a number of contract wins and contract extensions. As much of the nation returns to work this month, the Company is today delighted to announce significant recent major contracts signed with three new customers in the financial services sector, as well as the extension of its services to two existing customers.Two of the contract wins are with separate UK based credit unions. The first operates from two different sites in the UK with a cloud voice telephony contract for an initial period of 60 months. The new customer had an antiquated system in place, which was no longer fit for purpose, and Toople has provided a new system that supports fibre connectivity, and by implication flexible working patterns. Similarly, the second customer has signed an initial cloud voice telephony contract for 60 months. Toople increased the customer's number of seats as its employees returned to the office with the new solution supporting future flexible working.The third new customer is a respected firm of solicitors based in East Anglia. The cloud voice telephony contract is for a 60 month period. Toople was able to upgrade the customer's incumbent infrastructure which comprised of old analogue ISDN circuits. The new customer is now communicating via completely transformed fibre and cloud supported services in a more secure environment.Over the past three years Toople has been delivering data connectivity and cloud solutions to a large bakery brand in London. Higher demand for this brand has been driven by the pandemic and an increase in on-line deliveries and orders from stores supported by Toople's infrastructure. The bakery has pursued a rapid store expansion programme over the summer months, and Toople now has over 70 locations (store and distribution centres) linked to superfast data connectivity, 4G back up facilities, and cloud voice solutions.Similarly, Toople has also recently provided a rapid expansion of cloud voice capabilities to a national building merchant, where consumer demand has increased sharply as it encouraged staff to return to the office. It has extended its 36 month contract with Toople, which now supports over 200 cloud telephony solutions.Andy Hollingworth, CEO commented:"Summer is traditionally a quieter period, as existing and potential customers put their plans on hold until the big return to work in September. However, this summer we saw robust orders from new and existing customers, including those reported above. These sales levels are not only due to extraneous factors such as more people staying at home and changes in working environments, but it is also due to our targeted sales and marketing initiatives."We anticipate continued momentum as many in the UK return to their places of work following many months of lockdowns, shielding, isolation, and voluntary working from home arrangements, as evidenced by very recent contract wins and extensions. Hybrid working and the need to remain connected are all encouraging trends for our business."We are approaching our year end with robust order volumes and a substantially improved bad debt position following the implementation of new procedures last year. There continues to be an attractive market in consolidation opportunities within our sector. This gives us cause for continued optimism for the Group's prospects."About Toople PLCToople PLC is incorporated in the UK and listed on the main market of the London Stock Exchange. The business currently trades under four main brands: toople.com ; dmsluk.co.uk ; broadbandandphones.c |
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