January 2017

Algeos forecasts strong growth in 2017

Medical products specialist Algeos, headquartered in Liverpool, UK, reported on December 28 that the business had achieved a turnover of £11.2 million and profit before tax of £400,000 during the last 12 months and predicted turnover will grow to at least £11.8 million during 2017.

This year’s success was partly due to the company being awarded the Gulf Cooperation Council (GCC) Rehabilitation tender in the Middle East for the fifth consecutive time, said Jackie Fisher, Algeos’s CEO. At £1.7 million, it is the largest contract in the company’s history.

Algeos employs 85 people and has offices in the Middle East and Australia.

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