Half Year Highlights 2025

Strategic Initiatives and Contract Wins

We made notable strides in its strategic agenda, reporting higher revenue, adjusted operating profit, and adjusted profit before tax.

• The Information Management property rationalisation programme remains on track and is now 50% complete, with two million boxes successfully relocated.
• Additionally, the integration of the former Digital business has delivered substantial cost savings, with the annualised run rate in excess of £5 million, significantly more than the original estimate. In a major boost to its services portfolio, the company recently secured a multi-million pound contract to scan medical records for Oxford University Hospitals. This project is scheduled to commence in 2026.
• Datashred and Technology continue to improve performance, with Datashred achieving industry leading KPIs and Technology recently completed the implementation of a new IT system to further improve efficiencies.
• Our net sustainability plans have recently been approved by the Science Based Targets initiative (SBTi), affirming the Group’s commitment to be a Net Zero organisation by 2050.
• The acquisition of Synertec provides new, high growth business.
• We continue to focus on growth via accretive acquisitions with four bolt on acquisitions completed so far in 2025: three shredding businesses and one combined shredding and physical records storage business.