Image Scan, the Leicestershire-based supplier of X-ray screening systems to the security and industrial inspection markets, has reported a second profitable year, despite the continuing impact of COVID-19.
In preliminary results for the year ended 30 September 2021 the company posted a pre-tax trading profit of £189k, up from £112k in the year prior.
Sales however dipped from £3.5m to £2.9m, following a “subdued first half.”
Meanwhile Image Scan’s chairman has announced a role change as part of the firm’s succession plan.
Bill Mawer, chairman and Chief Executive of Image Scan, said: “It is gratifying to be able to report that a second profitable year has been delivered, despite the continuing impact of the COVID-19 pandemic on our customers, our supply chains and our staff.
“Important ‘firsts’ in the year included: first sales of the AXIS-CXi cabinet X-ray machine, first portable X-ray sales in North America and key new customers in the UK. The product development programme continues to move forward, and I look forward to launching more new products in FY22.
“As part of the Board’s succession plan, I will relinquish the CEO role in January and we will appoint Vincent Deery, currently Sales Director, as Interim CEO. Vince and I have worked closely on the development of the organic growth plan for the business, and I have every confidence in his ability to play a larger part in implementing that plan.
“I will continue to drive strategy and product development, allowing Vince to focus on sales and operations. All the board remain optimistic for the future of Image Scan.”
