GROWTH-hungry telecoms firm Daisy has reported revenues of more than £130million - and announced yet another takeover of a rival.

The Nelson company revealed its first full results since floating on to the stock market as it snapped up Hampshire-based MurphX for £4.8million.

The figures showed Daisy recorded sales of £134.4million in the 15 months up to March 31 this year following a £200million entrance on to the London Stock Exchange last July.

But the firm’s takeover of several rivals in a £250million shopping spree since last summer took its toll, with pre-tax losses of £16.2million and operating losses of £17.5million.

Investors reacted negatively to the results, with Daisy shares initially down 4.25p to 99.5p.

However, bosses said the figures showed the “progress” Daisy, based on the Lomeshaye industrial estate, had made in recent years, offering telecoms and communications services to businesses across the country.

Founder and chief executive Matthew Riley said: “These results demonstrate the progress we have made towards our aim of becoming one of the largest UK providers of unified communications services and solutions to the small and medium-sized enterprise and mid-market sector.

“We have in place the platform, the systems, the people and the product set to allow us to continue to grow organically and by further acquisitions.”

Daisy could look forward “with confidence”, added Mr Riley.

Chairman Peter Dubens said he was “delighted” with Daisy’s “complete transformation” in the past 15 months.

The firm said yesterday that the takeover of MurphX would allow it to offer customers more ‘data solutions’, such as video conferencing.

The results were Daisy’s first since a flotation on to the Alternative Investment Market in July 2009, a deal that netted Mr Riley at least £30million.

The swoop for MurphX was Daisy’s eighth in a year, with the deals totalling more than £250million.

Experts have predicted the firm’s strategy of takeovers could prove problematic if it tries to swallow up much larger businesses.

Daisy employs 350 in Nelson and more than 1,000 across the country.