In Brief: Tracsis; Landwood Group; Sheffield Theatres Trust
TRACSIS, the West Yorkshire transport and data software company, today announced that trading has been strong in the first half of the financial year.
In an update on trading ahead of the release of its interim results for the six months to the end of January 2014, the group said revenues are expected to be in excess of £9m, up from £4.7m last year. It said both revenue and profit are in line with expectations and announced that its balance sheet remains strong with cash balances in excess of £7m and the business remains debt free.
The business said Sky High, which was acquired in April 2013, made a significant contribution to the overall group and the integration of it is progressing well and is expected to be complete by financial year end.
In January, the group announced a significant order for its condition monitoring technology with a major UK client. Delivery of this is under way and will be completed during the current financial year and the group’s North American pilot for this technology is progressing to plan.The Software and Consultancy business has been working extensively on rail re-franchising bid work following the revised timetable issued by the DfT and there is good visibility on workload over the coming months, Tracsis reported.
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LANDWOOD Group, the chartered surveyors, asset managers and auctioneers, has celebrated its fifth anniversary with a record-breaking year.
Founded with just two staff, the Landwood Group now employs 20 people and has an office in Queen Street, Leeds. The company, with other offices in Manchester, Birmingham and London, deals with plant and machinery and property assets for banks, insolvency practitioners and large private clients. It has grown strongly in the last 12 months and is heading for a record £2m turnover this year.
Co-founder and managing director, Richard Parkinson, said: “Our fifth anniversary year has seen sustained growth, with the further expansion of our Manchester team and our move to new, larger offices. This growth has covered all sectors of our business, from marketing, managing and selling property and asset valuation, to auctioneering and disposing of plant and machinery.
“This record year comes hard on the heels of the successful opening of a new office in Leeds, with has resulted in a significant expansion of our work and increase in turnover. Indeed, the turnover has exceeded our expectations, with especially strong results achieved in plant and machinery disposals and property management services.”
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SHEFFIELD Theatres Trust has announced a new partnership with Barclays to assist with its strategic growth plans.
Sheffield Theatres Trust is the largest producing theatre complex outside of London and comprises the Lyceum, Crucible and Studio.
Bookey Oshin, finance and resources director at not-for-profit organisation Sheffield Theatres Trust, said: “Sheffield Theatres is enjoying a period of great artistic success and the award of Regional Theatre of the Year, for a second year, has raised our profile to another level. It’s vital that this artistic success is underpinned by strong financial management and with the changes to the funding climate, we need to ensure we maximise our income from all sources. Barclays has provided a suite of banking products which will undoubtedly bring future improvements for our banking operations and help the company to maximise its funding in these challenging times.”
Tracy Muniz-Ryan, relationship director at Barclays, added: “It’s great to see Sheffield Theatres Trust continuing to develop and expand despite the current economic climate. The new banking facilities mean that the Trust is well placed to take advantage of opportunities arising and leaves the business well positioned for further growth within its niche market.”
