The Business Magazine - B2B Business News - Site Logo
The Business Magazine March 2024
Read now
PICK YOUR EDITION

Banbury's Westminster Group reports 13% revenue rise

19 August 2022
Share
The Business Magazine article image for: Banbury's Westminster Group reports 13% revenue rise

Westminster Group PLC, the Banbury-based security business, has reported a revenue increase of 13 per cent in 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. Its projects at the Palace of Westminster and Tower of London are also successfully underway with extension of scope in progress.

Read more - Westminster Group wins airport security contract

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."

Read more - Reading to grow the next generation of cybersecurity talent


Sam is the Regional Editor of Biz News, responsible for both Hampshire and Dorset.

A new recruit to journalism, Sam started writing for the Business Magazine as a freelancer in May of 2022 after completing his degree in English at University College London. His passion for local businesses and ability to tell a story soon caught the attention of the publication’s management team and have led to his meteoric rise.

Sam, who lives in central Reading, takes a particular interest in technology, gaming and food and drink, having been a chef before starting his degree.

Related articles

Upcoming events

view more
01
May

South Coast Property Forum: Networking Lunch

Ennios Ristorante
Southampton
More info
23
May

Thames Valley Tech Forum: Networking Drinks

Malmaison Hotel
Reading, RG1 1JX
More info
06
Jun

South Coast Property Awards 2024

Hilton Southampton
Utilita Bowl
More info
12
Jun

Leadership Roundtable: Developing strategies for financial returns over the next decade

Herrington Carmichael, Farnborough Aerospace Centre, GU14 6XR

More info
18
Jul

Thames Valley Tech & Innovation Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info
26
Sep

Thames Valley Property Awards 2024

Ascot Pavilion
Ascot Racecourse
More info
03
Oct

South Coast Tech & Innovation Awards 2024

Hilton Southampton
Utilita Bowl
More info
07
Nov

Thames Valley Deals Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info
21
Nov

Hampshire Business Awards 2024

Farnborough International
Exhibition & Conference Centre
More info

Related articles