The new building is looking good and we are on track for moving in October.
Our sister company, High Tech Click, is continuing the development of the new Antler system. We have made great progress in difficult circumstances as we have learned so many aspects of delivering an IT system for the ecommerce and wholesale industry with modern coding and ability to expand the system in future. We have now migrated over 20% of the business and expect to be fully migrated by March 2017. We are already seeing the benefit of the system with improved efficiency and increased profitability.
Oh boy have we had a lot of sunshine in the last 12 months. Turnover has grown by over £3m in the last year to £30.3m. We have invested a lot of money over the years in people, infrastructure, systems and new opportunities. 50% of which has not worked out and cost us money, but our glass is half full, so in recent months we have adjusted the business to suit our new objectives and we are seeing great results.
Over the last 2 years we have helped many young people secure a future, starting them on the career ladder once the apprenticeship has ended. We are proud to have retained and taken on over 8 young people across all departments. We are a young company at heart and we take pride in helping local people find new opportunities.
We have just given the go ahead to start phase 1 of building our dream premises. We purchased 4 acres of land 2 years ago and today we have signed a deal to construct a 24,000 sqft custom designed fulfilment centre in Barlborough, Chesterfield. We expect to move in prior to our peak season in October 2016. Fingers crossed.
We started a new chapter in 2012 by deciding to rebuild our entire IT system from the ground up. We wanted to create the best thing since sliced bread. Something our industry could only dream of. We called the project Antler. 3 years later, after blood, sweat and tears, we have installed the beta version of the system and started the slow progress of migrating over. The potential of Antler is huge and we can't wait to maximise it.
Despite the difficult trading conditions over the last 12 months, Xbite has manged to buck the trend and recorded a record high turnover of £27m from £22.6m the previous year. This a great achievement and testament to the dedicated people working in the business. We still have potential for further growth in our current categories as well as entering new ones.
Our apprenticeship programme has had great success in the first 12 months and we have found the majority of successful candidates enthusiastic and willing to learn. We have peaked at 8 concurrent roles running in all departments of the business from Marketing, Accounts, Commercial, Warehouse and Ecommerce. We take pride in giving valuable work experience to young people and we help them form a career path for the future.
It sounds easy ‐ "Instead of buying video games why not buy everything and sell it online?". We started this process in 2011 and 3 years later we have grown the business in many different categories and it is far from easy. Dealing with the challenges across the whole business with different product size, weight, shapes, suppliers with an outdated understanding of ecommerce and trying to work out what sells and what doesn't. We have made great progress and over 35% of our business comes from selling non‐gaming products and this will continue to grow over the years.
It is all systems go at Xbite, as we can reveal that we are sponsoring the MCV awards 2014 as bar and disco partner. We also have the privilege of being on the judging panel!
We're growing and busier than ever, with more stock coming in and more customers meaning it's time for us to expand. We have recently acquired 3.5 acres of prime commercial land as part of a plan to invest over £4.5m over the next three to five years to develop the site to fit our needs.
We have just launched an apprentice programme at Xbite, which means our offices are busier than ever! We have taken on five new people to work within IT development and marketing, including 3 German students who are here to help grow our online presence further.
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