Toople (TOOP ) told investors that it has experienced ‘robust order intake’ during September 2021, which has proved to be one of the company’s strongest order intake months in FY21.
The Company, which provides bespoke telecom services to UK SMEs, won a string of new contracts over September, including five major new deals to provide leased line services.
Commenting on its offering under the new contracts, Toople explained to investors: “Leased lines deliver dedicated bandwidth and speed to a site, which are always uncontended. These lines ensure internet resilience for customers, and there is no competition with other providers. Bandwidth speed is optimised and the customers’ connectivity is future proofed.”
All of the customers are made up of UK businesses and all hold a minimum contract length of either three or five years. Under the terms of the contracts, Toople explained that it will deliver ‘high quality bandwidth and high-speed dedicated internet access’ to all new customer sites.
The first contract is in the food supply and services sector, and Toople has won a mandate to supply a large, national UK poultry supplier with both leased line and data backup services as the unnamed customer enters its busiest period in the run up to Christmas, Toople reported.
Under this first contract, Toople will provide two 1Gbps leased lines, each with failover circuits, as opposed to the 100Mbps service that the customer has had in place. It said this will help ensure business continuity, as it delivers bandwidth and speed to the customer’s estate.
Four other companies have also recently signed contracts, including a Hampshire based internals company specialising in plastering and drylining; a Surrey based specialist curtain wall contractor, a Surrey based global procurement house for oil and gas end users in Africa and the Middle East and a leading UK stone wholesaler of natural and man-made surfaces.
“As the economy starts to return, as far as possible, to its pre pandemic state, momentum at Toople continues to build and we have ended our financial year with one of our best months for order intake across all our main product lines,” said Andy Hollingworth, CEO of Toople.
He said, “All the Group brands seek to differentiate themselves by offering IT, telecoms and broadband solutions, with robust and reliable packages, that enhance a customers’ business and are based on trust and transparency, with no hidden fees within pricing policies.”
“This provides customers with a clear understanding of cost and fixed prices for the duration of their contracts. We keep our customers seamlessly connected with their employees, customers, and other stakeholders, ensure business continuity, and provide peace of mind and strong infrastructure. This allows our customers to focus on building their businesses as the UK gets back to work to overcome the difficult pandemic period,” added Hollingworth.
Last month, Toople said the summer period had been ‘substantially ahead’ of previous summer trading periods after it witnessed strong order numbers from its customers.
It attributed the growth to two factors; the staycation phenomenon, meaning fewer customers have travelled abroad; and a rise in contact rates between the Company and its customers.
“We are approaching our year end with robust order volumes and a substantially improved bad debt position following the implementation of new procedures last year. There continues to be an attractive market in consolidation opportunities within our sector. This gives us cause for continued optimism for the Group’s prospects,” Hollingworth told shareholders at the time.
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