Belgravium boosted by improved performance

BELGRAVIUM TECHNOLOGIES has been buoyed by a “much improved year” as it reported a rise in revenue and profits for 2014.

Bradford-based Belgravium, which supplies and manages a range of mobile computing services with a focus on the logistics, transportation and mobile retailing sectors, reported revenues for the year to December of £9.4m compared to £8.425m in 2013, enhanced by the first full year contribution from Feedback Data, the workforce management firm it acquired in 2013.

Profit after tax was £509,000 compared to £219,000 in the previous year.

Exceptional costs of £27,000 were incurred relating to the acquisition of Access Fire & Security, which was completed in December.

As in the previous year, continued investment in research and development meant that there was a tax credit of £34,000 (£94,000 in 2013). The resulting profit for the year was £509,000, more than double the 2013 result.

EBITDA increased to £915,000 compared to £451,000 in 2013 and basic earnings per share were 0.50p per ordinary share compared to 0.22p in 2013.

The group said: “2014 was a much improved year with increased revenue and profits. The group has made continued progress in extending its activities and offerings to cater for a wider and more discerning market. The board believes that further progress will be achieved in the current year.”