Commsworld boss seeks further growth as revenues grow

Commsworld’s total turnover has increased to £36.9m, up from £36.5m in 2023. Its pre-tax profit rose from £4.6m to £4.7m in the same period while EBITDA reached £7m, up from £6.6m.

The companies fixed assets have risen by more than £5m to £22.3m, up from £17.1m last year.

CEO Steve Langmead shares that the figures were broadly in line with the Commsworld Board’s expectations driven by contract wins in the the public and private sectors.

Among them was a new contract worth more than £35m over five years to provide network services to Glasgow City Council and the completion of a projects with Northumberland County Council replacing its WAN and laying 262km of new full-fibre infrastructure.

It cites another highlight as transforming the connectivity to 42 schools in and around Dundee as part of a £2.6m contract over 10 years with Dundee City Council.

Langmead said: “Commsworld results show that the company is in very good health, and we are continuing to grow. Pre-tax profits and turnover have risen compared to 2023, showing that Commsworld has managed to absorb the impact of inflation on our business.

“Future challenges include helping businesses and organisations through the PSTN shutdown, ensuring the withdrawal is managed in the best possible way to guarantee a smooth transition and minimal disruption. But our primary aim as a company is to continue to grow and evolve and win more big contracts.”