Reactec in black with record orders
20/11/2024
Reactec, a risk prevention specialist, has unveiled its busiest year, with a return to profit and annual turnover up by just under 41% for the year to the end of December.
Among its range of vibration monitoring products is the R-Link smart watch, which can warn the wearer of potential hazards. International interest is increasing and the Edinburgh-based company has launched a USA data centre.
Reactec’s ‘Safety as a Service’ plan for spreading the cost of products accounted for half of all orders placed last year. Overall, Reactec’s order book grew by 50% in 2023.
Although operating costs rose by 22% to £3.92 million (£3.21 million in 2022), the company posted a profit for the year of £66,000 compared to a loss of £360,000 in 2022. Turnover rose 40.9% to £5.58 million (£3.96 million in 2022).
Jacqui McLaughlin, Chief Executive, said: “We have had a strong first half in 2024 and are continuing to see good sales growth.
“We are also encountering rising international interest, particularly from the USA, which now accounts for 23% of the traffic on our website.
“The growth in USA business prompted us to launch a USA data centre earlier this month to handle the analytics for our expanding customer base there.”
