Dundee learning and developing group Insights grew its revenue by more than £10 million last year as it acquired the entire shareholding of several of its international arms.
Based at the city’s technology park, Insights is one of the world’s leading personal development companies.
Many global blue-chip firms have put their staff through Insights programmes in a bid to improve self-awareness, leadership, communication and teamwork.
Annual accounts filed at Companies House show the Insights Group Limited recorded sales of £53.5 million for the year ending March 31, up 27% from £42.2m in 2017. Pre-tax profits rose from £7.3m to £10m.
Group chief executive Andy Lothian said: “We’ve had a hugely successful year and this due in large part to the uniqueness and stickability of our offering.
“Our work is founded in the notion that personal breakthroughs lead to business breakthroughs, enabling increased innovation, creativity and productivity.”
Historically the company has formed partnerships and co-ownership arrangements with international management teams, particularly in Europe and Canada.
In a significant change in strategy, Insights has acquired 100% of the shareholding in many of its international offshoots to “achieve future growth ambitions” and to meet customer needs more consistently.
Between April 2017 and March 2018, it acquired shareholdings ranging between 15% and 55% in Insights operations in Ireland, Denmark, Sweden, Spain, Canada and Poland to have complete ownership under the single Insights Learning and Development umbrella.
Mr Lothian explained: “This ensures we can give our global clients a more cohesive and comprehensive service.
“We’ve also agreed to establish an Insights business in South Africa in a joint venture with Connemara Consulting. This will enable further expansion in the African continent.
“This follows our expansion into Asia. Based in Singapore, this operation has grown from strength to strength over the last 30 months, with profitable year-on-year growth in excess of 65%.
“This growing demand across the region has resulted in establishing new entities in India and Australia also.”
During the financial year Insights also acquired Stirling software firm Dogfish Mobile, which was rebranded as Vidatec.
Average staffing levels rose from 332 to 476 last year.
