Transport tech business back in the black
A listed transport technology firm headquartered in Leicestershire has moved back into the black.
21st Century Technology, which is based in Ashby-de-la-Zouch, reported an increase in revenue to £12.6 million for the 12 months to 31st December 2018, compared with £11.8m a year earlier.
That led to profit before tax of £100,000. In 2017 the firm reported a loss of £400,000.
It said this was a result of ‘beneficial effects from share-based payments credit’.
21st Century provides tailored solutions to the transport community, solving complex operational requirements both on-board vehicles, through 21st Century Fleet Systems, and into towns and cities, through 21st Century Passenger Systems.
Fleet Systems solutions include on-board CCTV, Wi-Fi and passenger information systems; vehicle and driver performance telematics; remote condition monitoring; and advanced passenger counting technologies.
Passenger Systems solutions include a wide range of robust external digital signage such as bus shelter displays and transport interchange departure boards.
Russ Singleton, CEO of 21st Century Technology plc, said: "Considerable effort was made last year working in close collaboration with our existing and potential customers to define and develop new technologies for both passengers and operators.
“Our SaaS solutions, marketed under Journeo, are being received very well and we are building our reputation for innovation, evidenced by an increasing number of in-bound enquiries.
“There is therefore a great sense of anticipation at 21st Century, not least resulting from a healthy pipeline of new business opportunities, but also how our new technologies will fundamentally change the profile of the group.
“I look forward to reporting on our continued progress."