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Westminster Group sees 9% drop in revenue in 2020 but business remains robust | 28 May 2021

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.

Westminster files succesive annual loss but entered year debt free | 30 April 2021

30 April 2021 | 07:32am StockMarketWire.com - Technology-based security solutions firm Westminster has reported a loss after tax of £0.7 million. However, it is an improvement on 2019’s loss of £1.3 million. The group reported a strong and profitable first-half performance, delivering a 24% increase over the first half of 2019, although the second half of 2020 was more challenging due to travel restrictions. Travel restrictions and airport closures materially affected airport managed services, training and guarding business but was offset by growth in product sales and port services. Peter Fowler, chief executive, welcomed the news that the group “entered the year debt-free, other than minor operating leases.”

Investegate |Westminster Group Announcements | Westminster Group: Westminster awarded Queen's Award for Enterprise

  Westminster Group plc is a specialist security and services group operating worldwide via an extensive international network of agents and offices in over 50 countries.   Westminster s principal activity is the design, supply and ongoing support of advanced technology security solutions, encompassing a wide range of surveillance, detection (including Fever Detection), tracking and interception technologies and the provision of long-term managed services contracts such as the management and running of complete security services and solutions in airports, ports and other such facilities together with the provision of manpower, consultancy and training services. The majority of its customer base, by value, comprises governments and government agencies, non-governmental organisations (NGO s) and blue-chip commercial organisations.

Investegate |Westminster Group Announcements | Westminster Group: Notice of Results

Investegate |Westminster Group Announcements | Westminster Group: Notice of Results
investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.

Westminster Group PLC (AIM:WSG) | RNS | Westminster Group

Westminster Group PLC (AIM:WSG) | RNS | Westminster Group
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