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Enterprise

Turnover surges £50m at telecoms firm backed by former Interfora and Jack Wolfskin investor

Equistone Partners Europe completed the management buyout of WHP in 2018

WHP Telecoms said the roll out of 5G has helped its sales(Image: PA)

Turnover jumped by more than £50m at a private equity-backed telecoms business in Warrington, which works with the likes of EE, 02 and BT, during its latest financial year.

WHP Telecoms has reported a turnover of £138.1m for the 12 months to May 31, 2021, up from the £87.8m it achieved during the prior year.

The company's pre-tax losses were also cut from £10.3m to £7.8m over the same period.

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Equistone Partners Europe has backed the company since it completed a management buyout in 2018.

Its current portfolio companies include Wealth at Work.

During the financial year WHP Telecoms acquired Redhall Network Solutions Holdings, Blue Clarity Design Services and Intelligent Communications Solutions.

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A statement signed off by the board said: "The group delivered a year of record revenue with turnover increasing 57% to £138.1m, reflecting the increasing momentum of 5G roll out programs and also increasing delivery for clients within the fixed line sector, which the group has identified as a key growth area.