A five-year £35m deal with Glasgow City Council has helped Edinburgh-based Commsworld turn in a robust performance for 2024.
The Edinburgh-headquartered telecoms services provider increased turnover from £36.5m in 2023 to £36.9m. Pre-tax profit rose from £4.6m to £4.7m, while earnings before interest, taxes, depreciation and amortization (EBITDA) reached £7m, up from £6.6m.
The company continues to win contracts and deliver connectivity to a diverse customer base from both the public and private sector.
The Glasgow contract — one of the largest in the company’s history — provides network services to Glasgow City Council which are transforming the city’s infrastructure from its ageing legacy networks to 5G network capabilities.
Commsworld also completed the construction of Northumberland County Council’s core network build, replacing its WAN and laying 262km of full-fibre infrastructure, meaning employees in 150 council sites are connected to far superior network infrastructure, while around 115 Northumberland schools also have access to faster speeds, bandwidth and resilience.
Another highlight was transforming the connectivity to 42 schools in and around Dundee as part of a £2.6m contract over 10 years with Dundee City Council.
Steve Langmead, Chief Executive, said Commsworld’s fixed assets had also risen by more than £5m to £22.3m, up from £17.1m last year, and that a secure future lay ahead thanks to the strong foundations laid by the company’s board and hard-working staff.
“Commsworld’s 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.
“That is because we continue to focus on Commsworld’s strengths – delivering high-quality, flexible, robust and resilient services to our customers – while also achieving financial stability through our bigger, longer-term contracts with local authorities across the UK.
Future challenges for the firm include helping businesses and organisations through the Public Switched Telephone Network shutdown and ensuring the service withdrawal is a smooth transition with minimal disruption.
He said the primary aim is to continue to grow and evolve, winning more big contracts and setting the standard for its Optical Core Network.