Strong organic growth coupled with ongoing investment in new market areas has enabled the Reliance Security Group to post strong results for the year ending April 2003, with turnover up 16% to £268.1 million on a pre-tax profit that has also risen, this time by 27% to £12.6 million.

"We've achieved strong organic growth in turnover and underlying profit in what has been a difficult year for most security companies," commented Reliance Security Group chairman Brian Kingham.

Kingham continued: "We have managed to build a strong position in support services, where opportunities abound and are likely to grow." Reliance currently employs over 12,000 people from a network of offices dotted throughout the UK.

  • SectorGuard, the AIM-listed manned security solutions provider, has released strong interim results for the six months to 31 March 2003. Pre-tax profits are up 219% to £211,437 on a turnover that's up 52% at £4,528,045.

    The company made its fourth acquisition of the year in May when purchasing First Response Security Services, adding another £1.4 million to overall SectorGuard Group plc turnover.

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    SMT