Profit Track 100

Northdoor, an IT systems integrator, takes its name from a 1926 stone door built into Lloyd’s of London’s famous high-tech building in Leadenhall Street. The door used to sit in the north wall of the old Lloyd’s building and, in its current position, symbolises traditional values in a hi-tech setting. This is what Northdoor claims to stand for. Founded in 1989 by Robert Mackenzie and Peter Bedells, the company provides computer systems integration to the finance and insurance industries. Its clients are located within the City’s square mile and include Lloyd’s of London itself and BACS, the automatic salary payment company. Northdoor’s profits have grown by 42% pa, from £1.2m in 1996 to £3.3m in 1999. Managing director Bedells attributes this to a 38% pa increase in sales over the same period to £11.8m. Sales growth has been fuelled by a decision to expand into the banking sector and by a buoyant market for its integration work in the lead up to the new millenium.

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Company details
Year2000
Rank72
CompanyNorthdoor
ActivityIT consultancy
LocationCentral London
Annual profit growth42.39%
Latest profits £000s3,341
Latest sales £000s11,826
Staff47
Founded1989
Websitewww.northdoor.co.uk

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* supplied by company † annualised figure