Security services firm The Protector Group says new contracts and a pipeline of work from HS2 have helped it build profits.
In recently filed accounts, the North East business reported broadly flat turnover of £22.8m in the year to the end of March 2022 but said it could see turnover top £25m next year. Operating profit for the year was £796,850 compared to just £372,319 in the period from the start of October 2019 to the end of March 2021.
New contracts in the UK infrastructure sector - including with the likes of National Rail, National Highways and Network Rail - had boosted the 300-strong firm, which provides security guarding and equipment across the country. Chief executive Ken Slater said Protector's strategy to target what it called "critical national infrastructure contracts" had paid off and that it hoped for further HS2 work "for many years to come."
