CPP Group hails pivotal year after transformation programme

CPP Group today revealed that losses have narrowed in a ‘pivotal’ year that has seen the company transformed.

After completing a two-year change management programme, exiting non-core companies and investing in its Blink business, CEO Simon Pyper said CPP Group is now what it ‘set out to be’.

In the 12 months to 31 December, Leeds-based CPP Group, which provides real-time, digital assistance products, reported group revenue from continuing operations of £156.4m, compared to £173.4m in the previous year.   Losses before tax from continuing operations came in at £2.7m compared to £5.7m last time.

Simon Pyper, CEO of CPP Group, said: “The past year has been pivotal for the group and ended the year as the business we set out to be in October 2022 – a digitally focused business led by Blink and supported by CPP India and CPP Turkey.

 “We have also pursued initiatives to enhance our offering, strengthen our business partnerships and streamline our operations. While not all our actions will deliver immediate results, all are designed to increase long-term shareholder value, be it growth in Blink, new products in CPP Turkey, or renewed contractual arrangements between CPP India and its largest business partner Bajaj Finance Limited.”

CCP Group said that Blink has increased its ARR by 62% to £1.6 million and added 11 new clients in 2024,

Simon added: “We remain confident, with some further investment, the business will continue to make strong progress. We remain focused on converting Blink’s exciting pipeline into commercial contracts, extending contracts with existing partners into additional geographies, and with our Insurance Partners, finding additional audiences, such as banks, airlines and credit card providers for our Travel Disruption and Cyber Solution services.”