With turnover up 17.6% to GB pound 179.8 million, profit before tax for the contract security, electronic surveillance and security support services provider has shot up by 16.6% to GB pound 9.9 million.
Group chairman Brian Kingham told SMT that a "refinement" of Reliance’s total security solution has led to longer-term contract wins, while the facilities management side of the business has witnessed "steady growth".
Kingham added: "Our continued growth in profits has been achieved alongside record investment in new businesses, coupled with a geographic expansion. While our mainstream growth has been organic, we have made small add-on acquisitions to complement and strengthen our competitive position."
The partnership follows a year of feasibility studies culminating in Reliance being awarded ‘sole supplier’ status for a five-year contract estimated to be worth in excess of GB pound 50 million.