Reading, Berkshire-based Norbain Electronics Plc has had another strong year in 1991, reporting pre-tax profits up 80% at UKP451,000 on turnover that rose 32% to UKP14.5m. In November, the disposal of the Technology Division to the Arlen Group for UKP1.35m reduced borrowings to UKP2m and helped focus the group on the security sector, which accounted for UKP12m of turnover, up from UKP7m in 1990. SEE Ltd, the closed circuit television business acquired a year ago, has now been integrated and is said to be performing well, providing a sales and service facility in the north of the country. Penetration of continental Europe, via a distribution network, is making progress – the first outlets are now in place. Norbain says it will be launching a company’s leasing package in the current year, and expects it to boost sales and cash flow. Once the recession clears, chairman John Nicol forecasts a period of rapid expansion in the security market.
