Best results for 30 years
Brexit uncertainty ‘good for us’, says IT supplier NVT
The Bellshill-based firm said confusion of over Britain’s position in Europe had encouraged clients to place contracts with British firms.
This had been a key factor in pre-tax profits rising 70% from £315,616 to £534,162 on a near-60% rise in turnover from £6.5 million in 2017 to nearly £10.3m.
Managing director Hamish Fraser said: “The threat of Brexit has encouraged many UK organisations to seek ICT solutions from UK-based companies.
“In the past many of these contracts, some from the public sector, might have been awarded to global firms headquartered on the continent, US, Canada and Asia.
“Now, due to uncertainty over supply chains post-Brexit, UK companies like ours, who can guarantee delivery, have become more sought after.”
NVT has built its success on the back of securing plumb contracts to provide ICT systems at some of the world’s most prestigious sporting events.
These included the Glasgow’s Commonwealth Games; The first European Games hosted in Baku and most recently the European Championships in Glasgow.