Reliance High-Tech delivers impressive 28% profit rise on £26.5 million turnover in latest set of financials
Impressive annual results delivered by Reliance High-Tech – specialists in the design, delivery and management of electronic security and remote monitoring systems for end users – reflect the company’s continued focus on delivering advanced solutions in demanding markets where security is deemed to be mission critical.
Benefiting from substantial investments made in both advanced security and IT capabilities, the Reading-based business has just posted a 28% increase in profits on a healthy turnover of £26.5 million. Gross margins are up 2.7%.
With an impressive cash position of £3.2 million, net assets have risen 28% year on year.
The company’s core markets are continuing to grow, while its strategy of developing new specialist solutions has allowed the business to win significant contracts in the public space security, defence and higher education sectors.