Member Article

Mixed results for Bradford computing firm

Bradford-based computing solutions firm Belgravium Technologies plc has reported revenues for the year were £8,425,000 compared to £8,669,000 in 2012, a fall of 2.8%.

Adjusted operating profit was £333,000 before tax and exceptional costs, compared to £287,000 in the previous year, an increase of 16%. The firm also said “The Group’s balance sheet remains strong and debt free.”

The companies original role as a hardware manufacturer has evolved and now involves packaged software, as well as in-vehicle telematics and tracking services.

The statement read: “Naturally such a change means different skills, particularly in selling and re-structuring to this effect has been achieved in 2013. Some of the costs of this process are shown as exceptional in the financial statements.

“2013 was a year of consolidation in the core business supplemented by the successful acquisition of Feedback. In 2014 we expect to make further and accelerated progress.”

John Kembery, chairman of Belgravium, said: “2013 was a year of consolidation in the core business supplemented by the successful acquisition of Feedback. In 2014 we expect to make further and accelerated progress.

“The economic outlook is at long last improving and we expect this to encourage our customers to start spending more readily.

“We believe the measures we have taken over the last few years to reduce costs and enhance our product offering have placed Belgravium in a good position to capitalise on this change and that 2014 will prove to be a significantly more successful year.”

This was posted in Bdaily's Members' News section by Clare Burnett .