An understanding of my company - ICS Global

ICS Global is an ASX (Australian Stock Exchange) listed technology investment company. This company was established in 1999 and operates in Australia and the UK, primarily operating business in the UK. ICS is focused on growing the Medical Billing and Collections as a market leader. The Medical Billing and Collections (MBC) has been providing billing services to Medical Consultants and Specialists for over 20 years in the UK. ICS, as an investment company seeks new investment opportunities to guarantee that long value is delivered shareholders. (ICS Global, http://icsglobal.com.au)

By reading my company’s last financial report, the company appears to be doing very well. The 2014 financial year saw an increase in net profit and cash. The board was particulary pleased with the 78% growth in 2014 earnings from continuing operations from $554,575 from 2013 ($312,351). The company also achieved ongoing capital efficiencies in the business. ICS is continuing to improve its financial position and is well placed to continue to support its UK business and to continue to consider other opportunities for investment and acquisition. Throughout the year of 2014, a further $285, 562 was invested in the MBC platform from free cash flow to support new software and fit out for the new premises. So wow, this business is doing well alright!  In regards to if I am happy with the company I got given, I would have preferred to receive a company I had prior knowledge of, perhaps something in retail rather then an investment company. This is because I still struggled with knowing exactly what the company does and what their day to day basis consists of. Looking at the example of ASS #1, Anna Towan’s company ‘Ryan Air’, would have been a very interesting company to look into as they seem to have very inconsistent figures throughout the years. In saying that however, ICS Global must be doing something very well, as they only increase in profits every year. When reading about my company and its annual report, I wasn’t sure what I was looking for. The first thing I did was have a look at whether or not the report stated whether the business has done well in the year or not. ICS did in fact perform better than last financial year in a number of different events.  Although there is a lot to read of my company in regards to their financial reports, I feel as if the company is yearly becoming a better and more profitable business. 

In researching more into my company, I found this one video on YouTube that I found very funny. In the cartoon, everyone is sitting at a meeting table having a meeting where the speaker is talking about 'boring financial stuff', everyone is bored and the title of the video is "ICS Global sales meeting recap day 1". Clearly someone at this meeting thought it was so boring that they uploaded that video onto YouTube. I must admit, I thought it was hilarious because to some people, these things really can be boring. However, this was the only ICS Global related item on the internet I could find; besides the website itself. 

ICS Global Sales Meeting Recap Day 1