The computer bureau company Rolfe & Nolan Computer Services Plc based in London, EC1, continues its successful ascent from the effects of Meltdown Monday by reporting year-end pre-tax profits up 51% at just over UKP1m, on turnover up 42% to UKP5.5m. It managed this growth despite the fact that the UK bureau market is flat so that Rolfe & Nolan’s bureau and facilities management revenue in this market rose by a mere 12%. However, licence sales in the continent more than compensated for this by producing a revenue up 65% to UKP1.6m. This included ten installations for West German banks participating in their new futures and options exchange, the Deutsche Terminborse. Over the year the company has opened three offices in Frankfurt, Paris and Vienna. The company is in a strong position with UKP2.7m in the bank but evidently feels that its shares could do with a higher profile and so is proposing a one for one bonus share issue. However, the shares in the scrip issue will not be eligible for the year end’s dividend of 5.4 pence. Chairman Tim Hearley believes that Rolfe & Nolan’s prospects for next year are good, even though they’re substantially dependent on the achievement of further licence sales on the continent. Rolfe & Nolan’s shares perked up 12 pence at 260 pence.
