Image Scan back in the black after ‘strong’ year

Image Scan, the Leicestershire-based X-ray firm, is back in the black after posting profits of £105,000 for the year ending 30 September.

Sales at the company also rose from £1.7m in 2015 to £3.3m this year on the back of portable X-ray sales tripling and increased industrial sales.

Bill Mawer, chairman and chief Executive of Image Scan, said: “The strong growth in security sales validates the product strategy laid out and adopted two years ago, and demonstrates how attractive our new products are in the very active market for portable X-ray systems. Our consistent on-time delivery of these high volumes of product demonstrates the progress we have made in developing our supply chain and manufacturing processes. Sales to industrial customers have also been healthy, reflecting the current strength of the automotive emissions control market, where key players use our X-ray inspection systems to support their manufacturing processes.

“Our strong order book and cash positions point to continued good performance in the short term while our product pipeline and the expanding customer base point to a strong longer-term future. The 20th anniversary of the founding of the company comes at an exciting time for Image Scan and the immediate task is to continue the momentum we have built this year.”