Commsworld, which recently signed a £35m deal with Glasgow City Council, has released its annual results.
They don’t include the Glasgow connectivity agreement, but still show that turnover rose 28% to £36.5m, with more than 60% of that (£21m) from public sector contracts.
Its EBITDA was up £6.6m from £4.5m the previous year, while pre-tax profits also rose to £4.6m (2023: £3.3m).
“Commsworld Ltd is in great health financially, with an order book that’s increasing year on year, representing our growth as a business throughout the whole of the UK,” said Steve Langmead, Chief Executive.
“We are continuing to bring in large public sector opportunities that enable the business to continue to grow, mainly thanks to our dedicated workforce who day in day out deliver a world-class service to our customers.
“We recently secured a contract worth over £35m with Glasgow City Council – the biggest contract the company has ever secured in 30 years of business. Work is also well under way to radically transform the connectivity to 42 schools in and around Dundee, as part of a £2.6m over 10 years with Dundee City Council.”
Over the period the firm became the first telecoms network provider to deliver connectivity to the inaugural 2023 UCI Cycling World Championships. Over the 11 days, it provided the bandwidth to facilitate global broadcast of 13 world championship events in Glasgow and across Scotland, including Nevis Range, Glentress Forest, Stirling and Dumfries.
It also made “significant progress” in building the first phases of a 262km of new fibre infrastructure for Northumberland County Council.
To date Commsworld now owns around 850km of fibre, including further new digital infrastructure provided in Glasgow, Edinburgh, North Lanarkshire, and the Scottish Borders.
