With the first trading results since its management buyout, national security services provider Orbis Protect, headquartered in Uxbridge, has posted its strongest ever annual financial results as the business announces new innovations and a growing client list.
Turnover for 2018/19 increased by nearly 11%, while profits (EBITDA) rose by 26%* as part of a continuous monthly rate of growth stretching back more than three years. The company remains on track to meet its commitment to grow annually by at least 10%, supported by investing in technology, maintaining excellent service for clients and securing new customers.
Orbis Protect is a significant player in the housing and construction security sector. It recently won contracts with clients including local authorities, Carter Jonas and major place-maker, Places for People.
Orbis Protect chief executive Guy Other, said: “Working with public and private bodies for nearly 40 years, we have developed a very strong reputation as a company that delivers and is prepared to do things differently. Clients are, quite rightly, more demanding as they face budgetary and delivery pressures. We have risen to that challenge by investing in new services and delivering improvements across the business. We have significant plans for the future and our financial performance is crucial in supporting this. We want to maintain our growth by more than 10%, year-on-year, by developing new products and striving for service excellence across all areas of our business.”
Oribis Protect offers more than 20 different services to clients across areas which include securing vacant sites and empty buildings, managing vacant properties and providing protection services for individual employees.
A highlight in this year’s success has been the strong performance of its more recently launched products, including its high specification CCTV Towers, which can be rapidly used to monitor construction and vacant sites. This part of the business has grown strongly since its launch in 2017 and is now turning over £2 million annually as clients increasingly look for tech-driven security for their sites as an alternative to more expensive man-guarding operatives. The company is also soon to launch new smart technology which will enable property managers to safely store and track the use of keys stored in safes.
Orbis Protect completed a management buyout, supported by NorthEdge Capital, in September last year.
2018/19* 2017/18 2016/17
EBITDA £4.2m £3.35m £2.5m
Turnover £33.64m £30.34m £28.46m