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Interim Report 2009

Overview

• Turnover of £31.2 million (6 months ended 30 September 2008: £15.3 million)
• Gross profit of £5.1 million (6 months ended 30 September 2008: £2.7 million)
• EBITDA of £1.4m (6 months ended 30 September 2008: £0.6m)
• Profit before taxation of £964,000 (six months ended 30 September 2008: £129,000)
• Acquired and integrated the contracts of Craft Services Group
• Non-recurring costs in period of £560,000

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Interim Report 2008

Overview

• Turnover of £15.3 million (6 months ended 30 September 2007: £9.1 million)
• Gross profit of £2.7 million (6 months ended 30 September 2007: £1.2 million)
• EBITDA of £640,000 (6 months ended 30 September 2007: loss of £73,000)
• Integration of ManGuard complete
• Cost savings of £275,000 achieved in period

• Completed the acquisitions of Protector and Euro Security Systems
• Obtained Investors in People accreditation
• Revenue of £17,809,565 (2006: £17,781,897)
• Total assets £14,134,837 (2006: £12,788,746)
• Net cash inflow from operations £1,044,108 (2006: £217,873)

• Gross profit up to £2,005,807 (2006: £1,965,702)
• Gross margin rose from 21.6% to 23.4%
• Net cash inflow from operating activities of £1,366,430 – to be used to finance acquisitions and service debt redemption
• A number of new contracts for both manned guarding services and electronic security systems
• Acquisition of Protector, a specialist cctv system installer
• Continued investment in the development of the Group's infrastructure and systems
• Post period end, acquisition of the assets of Hertfordshire based security systems business– Euro Security Systems

Interim Report 2006

Overview

• Turnover up 16% to £9,104,547 (2005: £7,857,225)
• Operating profit before goodwill up 32% to £690,222 (2005: £523,602)
• Gross margins up to 22% from 17% in 2005
• Net assets up 57% to £8,414, 821 (2005: £5,362,185)
• One of the first companies to be awarded the Security Industry Authority’s Approved Contractor Scheme status
• Record start to the year
• Successful integration of the electronics businesses, with new business being won across the group from an integrated sales effort
• Acquisition of alarm maintenance contracts from OakPark Security

• Operating profit before amortisation up 12.4% to £523,602 on turnover of £7,857,225 up 11.1%
• Net assets up 21.4% to £5,362,185
• Three acquisitions completed in the six months
• Significant business developed in the Midlands
• Expansion into the electronic security sector

Overview

• Operating profit before amortisation up 42% to £465,888 on turnover of £7,071,631 up 56%
• Net assets up 31% to £4,416,632
• Appointed as preferred security services supplier to the London Universities Purchasing Consortium
• Acquisition of the keyholding and mobile patrol contracts of Abbot Security Services on 1 April adds significantly to the mobile patrol division.

• Pre-tax profits up 219% to £211,437 on turnover of £4,528,045 up 52%
• Strong cash position of £667,787 at bank
• Net current assets up 202% to £1,298,846
• Continued growth both organic and through strategic acquisitions
• First Response Security Services acquired on 20 June, anticipated to add another £1.4 million per annum to the Group’s turnover