Almost 50 jobs are to be lost as mobile phone company Totterdell Communications in Bray, Co Wicklow is to close down at the end of the month.
The Irish-owned company, which is run by directors Barry and Kevin Totterdell, employed 47 staff last year alongside the two directors, according to the latest accounts filed with the Companies Office.
Totterdell was mobile network Three’s largest Irish SME partner until the decision was taken a number of months ago to end the relationship. Totterdell had been providing telecommunication sales solutions to the company.
In a statement to The Irish Times, managing director Kevin Totterdell said the company would exit the telecommunications industry when the current agreement expires at the end of the month.
"It was agreed not to renew the current service agreement between Totterdells and Three Ireland from September 30th, 2017," he said.
“Totterdells will now exit from the telecommunications industry. We would like to thank Three for their partnership in the past and hope they have a successful future.
“We would like to thank our loyal customers for their support throughout the last 17 years and, most importantly, we would like to thank our great staff who have made our journey an exciting and rewarding experience, and wish the team all the best in the future.”
It is understood Three is to bring the services which Totterdell has been providing in-house.
‘Mutually decided’
In response to queries, Three issued the following statement: “It was mutually decided not to renew the current service agreement between Three Ireland and Totterdells.
“We would like to thank Totterdells for their hard work and commitment throughout the last 17 years and wish them all the best in the future.”
In its latest accounts, Totterdell recorded a profit after tax of €484,127 for the year to March 31st, 2016, up slightly from €482,814 the year before.
The aggregate pay to the company’s two directors was €506,970, which was up from €303,199 the year before.
Turnover at the company was €29.9 million, which was up from €24 million in 2015.
Total staff costs were in the region of €2.5 million, up from €2.1 million the year before.
Totterdell provided a range of products including smartphones, tablets, mobile broadband, an extensive range of accessories, as well as landline and broadband services.
