Locks and Security News: your weekly locks and security industry newsletter
17th April 2024 Issue no. 701
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Croma Security Solutions Group announce results
Croma Security Solutions Group plc, the AIM listed total security services provider, announces its unaudited preliminary results for the year to 30 June 2012. The results reflect a full year's contribution from the historical Croma business, together with three months' contribution from the CSS Companies (being CSS Total Security Limited, CSS Locksmiths Limited and Alarm Bell Company Limited which were acquired on 27 March 2012 transforming the Group into a fully integrated security services specialist.
FINANCIAL HIGHLIGHTS
- Revenue growth to £9.90 million, an increase of 17.0%
- Growth in gross profit to £1.76 million, an increase of 8.9%
- Adjusted EBITDA of £0.09 million
- Balance sheet strengthened with net assets of £8.4 million
- Net asset value per share of 57.9 pence
- Successful placing of new ordinary shares raising £5 million less costs
OPERATIONAL HIGHLIGHTS
- Transformational acquisition creates a fully integrated security services specialist operating across four key divisions
- The Group enjoyed a fourth year of sales growth
- Contracts secured with Odeon, Colas, the NHS and London 2012 Olympics
- Board strengthened through key appointments
14th November 2012