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In April 2015, two senior managers were promoted to the Sales Director and Commercial Director roles. A Group Operations Manager has been appointed to drive cost efficiencies and introduce best operational practice across the Group. A new, experienced Chairman joined the Board in January 2016 with the aim of improving TFC`s sales strategy and industry focus. TFC has continued to trade well in the current financial year, achieving above budget revenues and EBITDA and ahead of the corresponding period in the previous year. The Bunker Secure Hosting, which operates two ultra-secure data centres, continues to generate substantial profits at the EBITDA level. For the year to 31 December 2015, an EBITDA of 2.2 million was achieved on sales Bonuses of 9.6 million (2014: EBITDA of 2.2 million on sales of 9.3 no data million). Recurring annual revenues presently exceed 9.3 million while cash balances remain healthy. On 31 March 2015, The Bunker repaid all its shareholder loans and outstanding interest totalling 6.5 million, financed through a 5.7 million secured medium term bank loan plus 1.0 million from its own cash resources. In total, 5.1 million was repaid to the Foresight VCTs, no data comprising 3.0 million of loan principal and 2.1 million of interest. The Company received 1.7 million, comprising 1.3 million of loan principal and 408,994 of interest and retains a 10.3% shareholding. The company has now commenced a trial with a large distributor which serves many value added medical interviews a comprehensive guide resellers.
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