ESP Group hits nine-figure revenue for first time

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Credit: Shutterstock.com/ Linda Bestwick

ESP Group, the transport and mobility services business based in Hull and Arbroath, has seen its turnover break through £100 million for the first time.

Turnover for the year ended July 2019 rose to more than £104 million – up from £91 million in the previous year.

The Group also achieved an operating profit of £4.4 million, a 43% increase on the previous year.

As well as restructuring its senior management team, the Group also added a number of major new contracts with Transform for Greater Manchester, C2C, and Transport for Wales Rail. Sales growth for the year was 15.2%.

The Group now intends to extend its services into new sectors such as major sporting events which are taking on smartcard technology and mobile apps to deliver customer fulfilment.