{"id":15376,"date":"2018-01-29T16:38:45","date_gmt":"2018-01-29T16:38:45","guid":{"rendered":"https:\/\/www.ispreview.co.uk\/?p=15376"},"modified":"2018-01-29T16:38:45","modified_gmt":"2018-01-29T16:38:45","slug":"isp-zen-internet-hope-become-100m-uk-business-within-3-years","status":"publish","type":"post","link":"https:\/\/www.ispreview.co.uk\/index.php\/2018\/01\/isp-zen-internet-hope-become-100m-uk-business-within-3-years.html","title":{"rendered":"ISP Zen Internet Hope to Become \u00a3100m UK Business Within 3 Years"},"content":{"rendered":"

Rochdale-based broadband provider Zen Internet<\/a>, which over the years has built itself a strong reputation in the UK ISP and telecoms industry, has set itself a new target of becoming a \u00a3100 million business within just 3 years and a \u00a3250 million business within 10 years.<\/p>\n

The ISP’s most recent financial report to September 2016 (here<\/a>) revealed an annual turnover of \u00a357.2m (up from \u00a354.2m in 2015), net assets of \u00a310.4m (up from \u00a39m) and an operating profit of \u00a32.5 million (down from \u00a33.5m). The weaker profit position was blamed on aggressive pricing by competitors and the increasing bandwidth demands of users.<\/p>\n

Since then Zen has completed its transition to become a “full service connectivity and networking provider, with a portfolio that goes way beyond broadband and into voice, cloud, IP VPN and Ethernet services.<\/em>” On top of that the provider intends to support their growth aspirations by creating a new board of directors, which is headed up by former Sage executive Paul Stobart as Chairman.<\/p>\n

Richard Tang, Zen’s CEO, said:<\/strong><\/p>\n

“Zen has a huge opportunity over the next few years and if we are to maximise that opportunity and really scale Zen up to be a major contender in the UK market, we need a leadership structure that is even stronger and the ability to tap into even more experience and capability.<\/p>\n

Our current senior management team have done a brilliant job. The separate board, chaired by Paul, will work closely with the SMT to unlock new and exciting opportunities for growth.”<\/p><\/blockquote>\n

Paul Stobart would seem to be a good fit for the new strategy, not least since he helped to grow Sage from a turnover of \u00a3120m to \u00a31.3bn and may now seek to do the same with Zen. Mind you Zen is a very different business from accountancy and business management firm SAGE. Hopefully in the race for growth they don’t neglect their reputation for service quality.<\/p>\n","protected":false},"excerpt":{"rendered":"

Rochdale-based broadband provider Zen Internet, which over the years has built itself a strong reputation in the UK ISP and telecoms industry, has set itself a new target of becoming a \u00a3100 million business within just 3 years and a \u00a3250 million business within 10 years.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[472,98],"class_list":["post-15376","post","type-post","status-publish","format-standard","hentry","category-uk_isp_news","tag-business","tag-zen-internet"],"share_on_mastodon":{"url":"","error":""},"yoast_head":"\nISP Zen Internet Hope to Become \u00a3100m UK Business Within 3 Years - ISPreview UK<\/title>\n<meta name=\"description\" content=\"Rochdale-based broadband provider Zen Internet, which over the years has built itself a strong reputation in the UK ISP and telecoms industry, has set\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ispreview.co.uk\/index.php\/2018\/01\/isp-zen-internet-hope-become-100m-uk-business-within-3-years.html\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ISP Zen Internet Hope to Become \u00a3100m UK Business Within 3 Years - 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