im really impressed reading the CEO report from Paul Simmons, he...

im really impressed reading the CEO report from Paul Simmons, he sounds very switched on indeed.

couple of things that caught my attention

Acquisitions
: •No acquisitions were made this last year but we have been actively looking for similar businesses that fit with our model and as previously stated we have spoken with four and are continuing dialect with two.
•The process and assessment of these businesses highlights the fact that we need to be 100% sure that the business can be of benefit to the company and ultimately be of benefit to all shareholders. We will not pursue a business for the sake of development. It must be the right fit.
•In addition to the obvious security related acquisitions we are looking at ‘add on’ businesses that can grow the business in another direction, this may be Traffic Management, Maintenance or a similar fit;
•We continue to discuss opportunities for similar acquisitions, to grow our business into other security sectors and geographies, in particular taking the MCS brand to the eastern states.
•In order to achieve a presence on the eastern seaboard we have recently applied for the required licences in New South Wales and Victoria and it is anticipated that these should be received in the coming months.

Quality Standards:
•Our drive towards ISO accreditation continues with advancement towards the goal continuing, so be it not as quickly as anticipated due to the increased workload and demands associated with adding more clients and large events having to take priority. Our HSEQ Manager is driving the process of gaining the ISO accreditation and we have recently signed off on the required IT package to assist in this objective, after a few adjustments and alterations to the package to make it work for our model and business;
•The development and progress of the ISO has already dividends, with recruitment and training, addressing Insurance needs and streamlining reporting procedures. Once the system is fully functioning it will add a substantial difference between not only our company but the front-line officers compared to others in our industry, our competitors.

Strategy: •The Strategy Review which was completed last year has been embraced by all staff and has given the company a clear vision going forward. We have the next 5 years road mapped and will strive to develop the business in add on markets that will benefit all shareholders and drive the business forward in all areas. •The strategy has been implemented and we have grown the business as stated last year, organically by adding more of our existing clients’ property charges to our portfolio. We are also focusing on acquisitions and had identified four businesses that fit into the model of our development. Two we decided for commercial reasons were not a correct fit and the remaining two we are still speaking with. I have every confidence that the approach of organic and acquisition development will be a success and benefit all our shareholders.

FUTURE It is exciting times ahead for the Company. I retain absolute focus on our key aims, which remain unchanged from last year:
•to maximise shareholder value;
•to service existing clients to the highest standards,
•to retain their work in the long term;
•to leverage proven capabilities and long-term trusted relationships with major Retail Centre owners into work in other geographies;
]•to leverage into servicing new sectors;
•to maximise the utilisation of our Head Office team by driving a greater volume of work through our Company, and to maintain office numbers at efficient levels.