Expansys boss Butterworth steps down despite upturn in sales

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Expansys boss Butterworth steps down despite upturn in sales

Microscope contributor

Expansys chief executive Roger Butterworth has today left the Manchester-based mobility e-tailer more than a decade after setting it up.


The AIM-listed firm announced his exit along with interims for the six months to 31 October 2009 that show a 6% fall in sales to £20.4m as operating losses narrowed to £15,000 from £1m a year ago and £2.3m in the previous half year.


"I've not had a holiday in 10 years and plan to take a few weeks off to assess my options," Butterworth told MicroScope.


He will have signed a non-compete clause but said it was unlikely that he would come back to the IT channel and plans to pursue interests outside of the industry.


His departure comes as the business he founded in 1999 and floated less than two years ago is showing signs of better trading results following a strong Christmas period and a "disruptive" cost reduction programme that it began 18 months ago as the recession emerged.


"Now that the group's cost reduction programme has been completed, it is pleasing to see the improvement in the Group's financial performance," said Graham Dawber, non-executive chairman.


"Whilst the board remains cautious on the outlook of the general economy the group is well placed to benefit from any upturn in discretionary purchases," he added.


Developments in the smartphone market, particularly the challenge that Google Android is mounting to the Apple iPhone had made for a dynamic market, the company said as had the decoupling of sales of smartphone handsets from the provision of wireless services.


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