Profits at Scottish telecoms services company Commsworld fell last year while interest payments and expenses pushed the parent group to a bigger loss.
The trading operation saw pre-tax profits fall to £3.6 million from £4.7m on standstill turnover of £36.9m, despite securing major public sector contracts and growing its recurring revenue base.
Charges on borrowings of just over £8m, compared with £7.7m in 2024, contributed to parent group Highlands Bidco posting a £9.45m loss, up from £7.74m.
Commsworld said it remained focused on winning and delivering large-scale connectivity projects to a diverse customer base across both the public and private sectors.
The year saw it complete significant infrastructure projects for key customers including the upgrade of Wigan Council’s local and wide area networks and the transition of Glasgow City Council’s connectivity services onto the Commsworld network.
The company also secured several contracts, including a 15-year agreement with West Lothian Council to modernise, manage and support its Wide Area Network across public sector sites throughout the region.
Chief executive Steve Langmead said: “Commsworld Ltd’s results show that the company remains in very good health, with growth in recurring revenue and robust cash generation only strengthening the foundations from which we will grow.
“There are challenges in the sector for example guiding customers through the Public Switched Telephone Network shutdown, and global business uncertainty resulting in a slowing down of customer decision making, but our primary aim as a company is to continue to grow and evolve by delivering excellence to our customers.”
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