By Daniel Hunter

Wetherby-based Esteem Holdings have said they are well placed to capitalise on the growth of their managed services offering after a year of 'continued transition' for the business.

The company posted an 11% increase in earnings before interest, tax, depreciation and amortisation to £3.9m for the year to June 2012 on turnover of £35.3m, and reduced its pre-tax losses to £328,000 from £417,000 the previous year.

Loss for the year after tax amounted to £544,000, down from £619,000 in 2011.

Esteem has two trading divisions, Esteem Systems selling IT equipment and Esteem Managed Services which provides IT management and maintenance services.

"Whilst the past two years have undoubtedly been challenging for Esteem, we are starting to see the green shoots of growth in our managed services offering and are genuinely enthusiastic about the scale of opportunity we are now seeing in the market place," Chief executive Joe Connolly said.

Join us on
Follow @freshbusiness