A company which makes traffic lights and road management systems has returned to profit after two loss-making years.
A management buy-in led by Birmingham businessman Gary Higgins, helped to turn around an £83,000 loss into a £483,000 profit at Traffic Systems UK.
The company, which employs 30 people at its depot in Aldridge, makes, designs and maintains traffic management systems.
During the year it increased turnover by 7.13 per cent in the 12 months to June, taking its overall figure to £14.75 million.
It was helped during the year by winning contracts to maintain the traffic signal network in Hertfordshire and install new LED systems in Princes Street, Edinburgh.
Mr Higgins, who is also group managing director of the Leicester firm, said: "Yes the business had suffered prior to last year's BIMBO.
"But new chairman Richard Colley and operations director Andrew Ramsbottom who joined me have added a more corporate feel and their experience has certainly contributed to our successful year. We have also continued to invest heavily in our research & development programme and are bringing a range of new software and hardware solutions to the traffic signal market place next year."
Mr Colley said: "There has been a new clear direction for the business, with an element of new product and systems coming through.
"A lot of areas are taking on integrated traffic management systems."