28 May 2021 | 07:34am
StockMarketWire.com - Last year, specialist security and services company Westminster Group achieved 91% of its 2019 revenue as the company s technology and services divisions delivered robust performances.
Despite the material impact from Covid-19 and restrictions during lockdown, the company s 2020 revenues totalled £10.0m not far off from £10.9m in 2019. Loss after tax improved to £0.7m from £1.3m in 2019.
In its full-year 2020 results, Westminster said it successfully navigated Covid-19 largely due to the Company s multiple revenue stream business model and early action by management .
Travel restrictions and airport closures materially affected its airport managed services, training and guarding business but was offset by growth in product sales and port services.
5 March 2021 | 09:33am
StockMarketWire.com - Textile services group Xeros Technology has announced a placing to raise £8 million by way of an accelerated bookbuild and an open offer to raise an additional £1 million to fund the commercialisation of its filtration technology platform.
The proceeds will be raised by a placing of 3,333,333 new ordinary shares of 15p each, with existing and new institutional investors at an issue price of 240p per share and will provide all qualifying shareholders with the opportunity to subscribe for up to 416,586 new ordinary shares via an open offer at the issue price.
The fundraising will provide the funding necessary to accelerate commercialisation of its XFiltra technology for the domestic washing machine market over the next two years, with revenue anticipated in 2023.
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