BSI, the business standards company, has announced growth of 15 per cent in its results for the year ended December 2015.
Howard Kerr, Chief Executive, said: “Over the past few years BSI has developed into a truly integrated global enterprise, able to serve our clients across the world, while broadening our service into different business streams and sectors. The introduction of the principle of Organizational Resilience at the start of this year is another example of our unique product and service offering, combining our business streams of Knowledge, Assurance and Compliance to work with our clients to ensure their businesses stand the test of time.”
Chiswick, London-based BSI’s international expansion strategy saw the business achieve an additional £22m revenue from overseas acquisitions in 2015 and almost 60pc of total revenue is now generated outside the UK. 2015 – BSI acquired Environmental and Occupational Risk Management Inc. (EORM) and Hill Country Environment (HCE); and purchased PricewaterhouseCoopers’ Systems Certification business in South Africa. BSI’s targeted financial objective of reaching £500m of revenues by 2018 is expected to be achieved through organic growth to £400m and acquisitions of £100m.
BSI’s global reach now spans across 73 offices and headcount increased by 18pc to over 3500 employees. Last year saw the completion of the revision of the business standards, ISO 9001 (Quality Management) and ISO 14001 (Environmental Management). Standards were developed on topics such as Building Information Modelling (BIM), Internet of Things, smart cities, connected and autonomous vehicles, and advanced digital manufacturing techniques including robot ethics.
April 2016 saw BSI’s acquisition of Espion Ltd and Espion UK, information security firm based in Dublin, with 80 people, and clients in the UK and across Europe. BSI will further extend its footprint in the southern hemisphere with the opening of an office in New Zealand and now has offices in 30 countries.
Kerr added: “I wrote last year that in 2014 we were able to accelerate the implementation of our strategy. This process has continued during 2015 and despite pockets of uncertainty in the global economy, we have once again delivered strong financial results this year. This is very pleasing for our business, stakeholders and employees as it demonstrates the success of our strategy and it provides us with a healthy base for continued growth in the future.”
For details visit http://www.bsigroup.com/en-GB/about-bsi/financial-information/.
