August 11, 2020 @ 10:05 by Richard Dawson
North East-based Bastion Security Products has announced record results, with a 75 per cent increase in turnover and a 45 per cent increase in operating profits.
Bastion is a UK Government and Ministry of Defence (MoD) supplier of modular physical security systems.
Established almost four decades ago, the company has continued to innovate in the physical security design space, manufacturing to protect people and assets from present and future dangers.
Bastion commits a lot of spend to research and development, with £150,000 given over to R&D this year alone.
This has allowed it to secure significant defence contracts from the MoD.
Managing director Tom Deevy said: ”I am delighted with our recent results; we have seen a major growth in turnover and operating profits and we have doubled our workforce.
“We constantly strive to produce innovative cutting-edge solutions for a wide range of customers both in the UK and overseas and our reputation is continuing to grow worldwide.
“Our work with the MOD has been particularly satisfying as we provide our unique, highest security solutions to them.”
Bastion is currently working on a number of R&D project as well as a major export drive into new markets, which it hopes will enable it to become the UK benchmark supplier for multi-threat modular systems within the next five years.
Bastion’s modular systems are already used in a range of applications from securing radioactive source materials in medical environments to government computer data halls, from ultra-secure meeting rooms to the containment of weapons and explosives.
The company recently moved to the former Vickers Tank Factory on Scotswood Road, Newcastle.
Tom added: “This move has been transformational for the business in terms of working environment and offering us available space for further expansion.
“We are now working in a superb environment with all the necessary security and facilities to help accommodate our rapid growth.”