We are delighted to announce that we closed our Financial Year 2018 with Sales Orders in excess of £11m; an excellent performance driving both a Sales Revenue of £10m for the year and generating an Order Book of £6 million; which provides a strong platform for the new financial year as we continue our upward momentum.
Our Sales Revenue of £10m represents a 50% growth on prior year and this is coming from across our business segments: -
Process Safety doubling its performance of the previous year - driven from increased safety systems engineering, Functional Safety consultancy, control panel works and Technical Support services
Rail Systems has had a record year and this is continuing strongly in to 2018 with a combination of engineering systems work, our own Tracklink® suite of products; having achieved product acceptance; all generating revenues and an excellent year for station works
All areas of our business are performing well and generated strong operating profits and cash; which we have reinvested in the business in order to underpin and secure our growth. Recent and ongoing recruitment has added 10% to our engineering resource, we are making improvements to our Stockport facilities; including acquiring our own Panel Build facility; and continue to invest in our Functional Safety and Development expertise.
These are exciting times as our re-branded SELLA CONTROLS business continues to reinforce our position as an independent safety systems integrator and this is leading to opportunities across new sectors and geographic markets combined with growth in our core markets.