Focus Solutions Group – A Company to Watch

Focus Solutions Group – A Company to Watch

Focus Solutions Group is a software company, specialising in the development of enterprise solutions to the financial services industry in the UK and Ireland. Since it was established in 1995, it has provided innovative solutions to a host of leading financial services institutions, including Lloyds TSB, HSBC and Barclays, among many others.

In 2008, Focus launched its focus: 360° product, a fully integrated solution for financial advisers, providing a sales automation solution, process support and business intelligence and integration to the back office. This new, whole office solution has been instrumental in Focus winning major new contracts in the current year, and the benefits should continue to increase as it gains traction in the marketplace.

Focus listed on AIM in 2000, and has since grown revenues and profits year on year to record levels in 2008. It is also currently in a strong financial position with net cash of £1.3m on the balance sheet as of 31 March 2008. Chief Executive Richard Stevenson joined Focus in 2006, and has overseen an acceleration in progress at the company. With stated intentions to pay a maiden dividend, Focus is clearly a very ambitious company. Daniel Stewart, Focus’s nomad and house broker, has the stock on a “buy” recommendation with a target price of 57p, in a note dated 4 July 2008, compared with the current price of 30p (as at 11 September 2008).

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