Tuesday, July 7, 2020

Revenues up 30% at Bradford cyber security specialist

Bradford-based cyber security specialist ECSC Group has seen revenue growth of over 30% to reach £5.4 million as the group releases its latest trading updated.

For the 12 months ended 31 December 2018, ECSC saw Managed Services revenue growth in excess of 50% while Consulting Services revenue growth grew by over of 25%.

The group said that profitable trading in Q4 2018 contributed to “improving financial performance comfortably in line with market expectations”.

CEO Ian Mann said: “We are delighted to report such strong organic growth for the full year, and moving back into profit, with continued emphasis on our Managed Services recurring revenue.

“The team continues to acquire new clients, deliver quality service, and build a solid base for ongoing growth.”

Non-Executive Chairman David Mathewson added: “The performance reflects a focussed and motivated team delivering strong growth, whilst keeping tight control over costs and cash management.

“Our programme of cost reductions in late 2017 and early 2018 improved our efficiency, whilst maintaining our service quality and growth capability.”

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