Toople PLC (TOOP) , announced its first week of the new financial year has started ahead of management’s expectations.
The Company reported a new record of 115 businesses signing up with Toople in the first week of October alone.
Toople ended its financial year trading with over 600 small businesses concluding contracts directly with the Company during August and September 2018, of which around 20% of orders came from existing customers.
The wholesale side of the business also continued to grow its number of partners with nine new agreements signed prior to the year end.
Toople’s digital marketing campaign is increasing enquiries from potential customers and growing the conversion rate, generating new incremental business for the Company.
Andy Hollingworth, CEO at Toople commented:
“Our ability to continue to sell products to existing customers is underpinned by Toople's excellent trust pilot score which is currently at 9.1 out of 10."
"The Board is very pleased with the progress that the Company is making as we continue to cement our position as the telecom service partner of choice for SMEs in the United Kingdom and we look forward to providing further updates to shareholders."
Shares of Toople are up 3.7% to 0.28p a share following the update.
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