Cyber security firm ECSC revenues grow to £5.4 million

Bradford-based ECSC helps to foil cyber attacks which could wreck its clients’ finances and reputation.

Over the last year, ECSC has benefited from the introduction of the General Data Protection Regulation, which places strict rules on how personal data is handled by businesses and organisations. The company said that the “continued incidence of high-profile cyber security breaches” and growing boardroom awareness of the negative effects of cyber crime had also helped to boost its fortunes.

Ian Mann, the chief executive of ECSC, said that GDPR was a “slow burner” and many firms did not realise they had a cyber security problem until they suffered a breach. In 2018, ECSC group’s organic revenue grew by 35 per cent to £5.4 million, while gross profit increased by 67 per cent to £2.7m. The managed services division revenue increased by 56 per cent to £1.7m, while the consulting service division revenue rose by 27 per cent to £3.1 million. Over the year, the company secured 95 new consulting service clients and it continued to invest in proprietary AI software. The company provides a full cyber security service, including cyber security reviews, and an incident response emergency service.

Ian Mann

Mr Mann, commented: “The team continues to acquire new clients, deliver quality service, develop our technologies and build a solid base for ongoing growth. We believe we are well positioned to build on the strong organic growth achieved in 2018 and we look forward to the future with confidence.”

Although Brexit uncertainty could make businesses more cautious about investments, Mr Mann stressed that ECSC’s client-base was spread across firms of all sizes, which improved its ability to cope. The business, which also has a base in Leeds, currently employs 79 staff.

David Mathewson, non-executive chairman, concluded: “The results reflect the extensive work completed internally within ECSC to control costs, implement improvements within sales, and leverage the capacity within the operational infrastructure. “This improved performance is the result of a focused and motivated team delivering strong growth, whilst keeping tight control over costs and cash management.”

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