An Ashby-based company has achieved growth in sales, profit and recurring revenues for a fifth year running.

Journeo is a provider of information systems and technical services to transport operators and local authorities, and has its offices at Charterpoint Way.

East Midlands Business Link reports that, according to final results for the year ended 31 December 2024, revenue at the firm increased eight per cent to £49.6million, while profit before tax grew 33 per cent to £5million.

Russ Singleton, CEO of Journeo plc, said: "Journeo has delivered another strong set of results, achieving growth in sales, profit before tax and recurring revenues for a fifth year running.

"The increasing adoption of our core IP is delivering a growing sales pipeline based on technology created and implemented by the operating companies within the Group.

"In addition to our financial performance, we have made significant operational improvements. We have formed the Journeo Design Centre to create new world-class products and made strategic investments for our next growth phase with new appointments to our Senior Leadership Team.

"We have also made steps forward in our ESG and carbon reporting and are progressing with a number of potential complementary acquisitions.

"We move forward into 2025 with confidence that we will continue to deliver stakeholder value as the Group benefits from Government-backed initiatives for the more sustainable, safer and more secure communities and transport of the future."

In January, Journeo won a £1.4million contract with Stoke on Trent City Council.