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Brady posts optimistic end-of-year results

Brady, a trading and risk management software company that supplies global recycling companies such as Sims Metal Management, has said its revenues are up 13% after achieving a “record number of new deals”.

Its preliminary full-year results for 2014 revealed earnings before interest, taxes, depreciation and amortisation was up 80% to £6.3m.

The company said it had signed 20 new contracts, up on the 14 seen in 2013. It added that 32% of revenue now comes from outside Europe.

Chief executive Gavin Lavelle said: “We are encouraged by the very good underlying core strength in the business. The group is increasingly signing larger contracts around the world with top quality names.

“This demonstrates that the group has compelling value propositions to meet the needs of both the trading and risk/compliance sides of the market.”

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