With 2017 stretching out before us and a reinvigorated Oxygen team returning to work this January, keen to seize the challenges of the new year with both hands, we thought it worth taking a brief look back on the successes of 2016 as we turn to the road ahead.

Without question, this has been the most exciting year in Oxygen’s and our clients’ stories so far.

February brought a change in ownership- the strategic acquisition by Arrowgrass Capital Partners LLP and the capitalisation of the Oxygen businesses giving us the secure footing and springboard needed to invest for the longer term and enable accelerated development in what has certainly proven to be a growth marketplace.

This investment came firstly in the form of a cohort of new team members, all bringing their individual talents to the already impressive Oxygen pool- in particular the Technology and Business Development teams have seen a substantial boost, as well as our Service Management function, as we respond to our constantly growing customer base.

In the summer, we announced the next stage of our expansion, with the opening of a new HQ in the Midlands- an obvious location for a business that has clients the length and breadth of the UK that we serve on a daily basis. This base is complemented by resources based in London, Manchester and Scotland.

Having started the year with nearly a dozen clients live and transacting early payment for their and their suppliers’ mutual benefit, the demand in the market for Oxygen’s services has been exciting to see, resulting in us bringing on a similar number of new clients in 2016 alone. This has certainly cemented our position as market leader, a position which is underscored by the impressive financial results being achieved:

  • Across our mature client’s programmes, councils are typically each seeing upwards of £50,000 of early payment rebates generated every month
  • Our thousands of participating suppliers are correspondingly benefitting to the tune of tens of millions of pounds of liquidity
  • Spend running across our network now exceeds £4 billion

For those of us who’ve been with the business since we first came to market, 2016 has seen the fulfilment potential that we recognised from the start and 2017 promises to be more exciting still.

We thank our clients and partners for your help in making 2016 such a success and look forward to building on this as we press on into 2017.

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