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Acuity RM Group PLC on Wednesday reported a nearly unchanged annual loss but touted an optimistic outlook as it aims to grow its customer base. The London-based risk management company said pretax loss was virtually flat at £1.3 million in 2024. Revenue jumped 56% to £2.1 million in 2024 from £1.4 million in 2023. However, administrative costs increased 39% to £3.0 million from £2.2 million. ‘2024 was a year of consolidation for the company. It grew orders from key accounts; at the end of the year Acuity made a small acquisition which is generating returns and has considerable growth potential,’ commented Chair Angus Forrest. ‘A new Chief Executive, David Rajakovich, was appointed. In the first half of 2025 he has made strategic changes, focusing the business on cybersecurity, bringing new sales and distribution programmes and these have begun to deliver results. There is a new focus on financial performance.’ Looking ahead, Forrest noted that the company’s operations cover a large high-growth global market with key customers in the UK, US, Europe and other territories. He suggested a possibility of speeding up the growth rate in 2025 by increasing Acuity’s customer base. ‘This will be achieved both with the internal business development team and through closer relationships with partners,’ he added. ‘We anticipate the developments in hand will increase the number and value of contracts. This should be key to attaining the financial objectives.’ Acuity shares rose 4.1% to 0.99 pence each on Wednesday afternoon in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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