A software company which suffered serious damage to its headquarters in last year's Buncefield oil depot fire reported a 95 per cent rise in annual profits yesterday.
Northgate Information Solutions, which supplies IT and software services to sectors including local government and education, relocated some of its staff to offices in Heathrow and Holborn, while many others worked from home after the setback at its Hemel Hempstead HQ in December.
Pretax profits almost doubled from £15.7 million to £30.6 million in the 12 months to April 30, with the company
boosted by a number of new contracts, including tie-ups with Boots, MFI, Ryanair, British Transport Police and National Trust Scotland.
The company, which employs around 3,000 people, is building a new data centre in Basildon while staff returned to new headquarters in Hemel Hempstead in May.
Chairman Nick Irens said of the Buncefield blast: "We are glad to have put that incident behind us and today Northgate is in better shape than ever before."
The firm reported a 62 per cent rise in turnover, from £205.7 million to £332.7 million.
Following a return to profitability in 2001 and entry into the FTSE 250 index in 2004, Northgate has expanded through acquisitions and organic growth to become a leader in its markets.
Northgate, which announced a dividend of 0.6p a share for the first time, said it was now looking overseas for growth.