AM Bid sees record growth in half-year performance

AM Bid sees record growth in half-year performance

Andrew Morrison

Scottish bids and tenders specialist AM Bid has reported an increase in both revenue and net profit for H1 of its ninth trading year.

The firm generated revenues of £626,337, for the period 1st October 2022 to 31 March 2023, marking a 17% increase from the £535,175 recorded for the same period in 2021-22.

This impressive growth can be attributed to the heavy investment in Ultimate Tender Coach, a DIY bid writing training course. As a result, net profit has experienced a significant rise from £1,551 in the previous year to £63,097 for the current half year.

AM Bid sees record growth in half-year performance

The company diligently tracks the success rates of its clients and has them independently audited. In the latest half year, AM Bid achieved a new record bid success rate of 87.9%, up from 84.6% the previous year.

Andrew Morrison, founder & BD director, said: “The business is exactly where I want it to be at this stage in its history. We have now established a brand that is recognised for the professionalism we bring in helping companies large and small to win more bids.

“I would like to thank our high-performing team and our many returning clients for their support in helping grow the business. As we head soon towards our 10th year in business, there will be further exciting developments to watch out for.”

Share icon
Share this article: