http://www.theboltonnews.co.uk/news/business/boltonbusiness/4691472.Giant_leap_in_turnover_for_cartridge_supplier/
WHO IS ………. NET-GIANT / CARTRIDGEMONKEY.COM ?
Giant leap in turnover for cartridge supplier
RECESSION
can mean disaster for some firms.But for others it can help spur
greater growth, as companies search out cheaper deals on the
internet.For NetGiant, an internet-based printing ink and toner supply
company, it has meant spectacular growth as businesses seek to slash
operating costs.Set up by entrepreneur Gary Flynn in 2004 in Farnworth,
NetGiant operates the CartridgeMonkey.com website which supplies ink
cartridges to domestic consumers.The success of that site led Mr Flynn
to set up TonerGiant.co.uk which supplies businesses all over the
country with toners and ink cartridges.In fact the toner site now
generates 75 per cent of the company’s revenue which increased from
£300,000 in the first year to £4.6 million five years on.
Mr
Flynn said: “TonerGiant.co.uk was amazingly successful on the back of
CartridgeMonkey.com and turned over £1 million in its first year.“In
its second year it doubled to £2 million and then this year turnover
will reach at least £3 million and the last six months have been
spectacular — it’s been a very good year for us.”This success is
against a background of worries earlier in the recession when he
gathered staff and told them he didn’t know what lay ahead.
But
his worries were unfounded and the business has prospered: ”We had the
meeting and I think everybody worked very hard and concentrated on
providing good customer service and building good relationships with
our business customers.”Mr Flynn set up the company with a partner he
subsequently bought out, in small premises off Egerton Street in
Farnworth. Now he and wife Joanne run the business which, when they
needed to expand, decided to move to modern offices, with room for
expansion, at Gibfield Park in Atherton.
Last year the company
grew by 35 per cent and hopes to achieve at least the same this year.
He added: “I’m delighted with how the company is going but I see the
success that the business has had over the last five years is down to
the NetGiant team, not just me.”One market Mr Flynn is thinking of
expanding into is office supplies, including paper, pads, pens and the
like: “It does seem like a logical move for the company but we are
still looking into it.”