The directors of lone worker protection provider Skyguard has announced the company has reached profitability for the first time in its history.
This important landmark has been achieved as a result of significant growth in 2012 which saw Skyguard more than double its number of subscribers. The board is delighted with this achievement which follows investment of several million pounds in recent years in service infrastructure, new technology and product development. This has placed the company on a sound financial footing and provides a solid foundation for further expansion in the coming year.
Sales in 2012 were strongly driven by the public sector markets, with the client base expanding to include many more NHS trusts, local authorities and other public organisations. Over half of the country’s police forces also continue to use the Skyguard service to protect vulnerable people.
The Directors are very optimistic about the new financial year and are confident of consolidating their position in the market and reporting further improved trading results.
Skyguard’s CEO James Murray said: “Clients are coming to realise that lone worker protection doesn’t need to be expensive. With the lingering effects of the recession, more and more organisations are turning to Skyguard as they discover we offer a fully accredited, first-class service at highly-competitive prices.
“As Skyguard has now achieved its objective of attaining profitability and is cash positive, we can reinvest in the business to take it to the next stage of expansion.”
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