Revenues up at Banbury-based Westminster Group
Westminster Group Plc, the Banbury-based security business, has reported revenues up a lucky 13 per cent the first half of 2022, to £3.9 million.
This latest news follows last week's announcement that it had been awarded an aviation security training contract for an unnamed ‘major’ UK airport.
This will see the firm delivering ground security officer training to security staff in one of the UK’s busiest airports in a contract potentially worth several hundred thousand pounds. The training will enhance security operations at the airport by increasing the number of officers available.
Westminster Group has worked across 41 countries around the world over the last six months and has seen a strong recovery in its training business. It's work at the Palace of Westminster and Tower of London projects are also successfully underway with extension of scope in progress.
Peter Fowler, Chief Executive of Westminster Group, said: "As stated in our recent Annual Report, the outlook for 2022 is positive as the impact of the global pandemic recedes and with the worst of the disruption and travel challenges behind us. I am encouraged to see improvements in the various areas of our business that were heavily impacted during the past couple of years.
"Whilst we are seeing recovery and growth in various parts of the business, I am particularly pleased to see our West African airport operations operating at new record levels, ahead of pre-pandemic volumes. Our training business is also showing strong recovery with a number of important new contracts including a major UK airport.
"It is also encouraging to see some of the larger project opportunities we have been working on, which were delayed during the pandemic, once again looking promising.
"I am also delighted to be able to report that progress has been made on ratification process for the DRC airport security contract, which we announced in June 2021, and believe we are on track to finalise matters and commence operations in Q4 as previously stated.
"H1 2022 has performed largely to expectation, delivering an improvement on H1 2021 as our various business sectors recover from the pandemic.
"Whilst we remain mindful of global challenges, given the momentum and recovery we are seeing, together with our extensive quote bank and the number of sizeable near-term project opportunities we are working on, we remain optimistic we can meet 2022 financial year market expectations."
