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Reliance High Tech reports

Reliance High Tech has reported a 28 per cent rise in profits, up to £1,002,000 on a turnover of £26.5m. Gross margins were up 2.7pc and with a cash position of £3.2m net assets were up 28pc year on year.

The company says that its core markets are continuing to grow and its strategy of developing new, specialist solutions allowed it to win significant contracts in public space security, defence and the higher education sectors. At the same time its focus on strong execution and service delivery ensured continued success with its long term customer base.

Terry Sallas, Managing Director, says: “Our outstanding performance over the last year is a direct result of the investments we have made in developing the advanced solutions that customers really want. Looking ahead, our focus will be to further develop technology and service excellence and to focus on providing the best solutions for the most demanding markets.”

The company adds that it also consolidated its position as a provider of lone worker protection solutions, providing monitoring and response services for the NHS, the public sector and private corporations.

Terry Sallas, pictured, adds: “We have an extremely solid business founded on service excellence and innovation that we are building on and the outlook is extremely positive despite the uncertain business climate. We are confident of continued growth as we invest in developing the best solutions, processes, IT infrastructure and people.”

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