Chippenham based specialist IT group Scisys has said its action to avoid the impact of Brexit on its European space business was continuing to pay off with a strong order book. The company moved its parent company from the UK to Ireland last year to protect its EU-funded work.
At its AGM yesterday, the group said its space division, which has its roots in the European Space Agency and is a major contractor to continent’s space industry, had maintained a strong order intake as a result of the move.
All parts of the group, which also supplies its bespoke software systems and support services to the media & broadcast, government, defence and commerce sectors, continued to expand their teams on the strength of their pipelines of prospective business opportunities.
It had started 2019 by delivering on contracts that formed part of its record opening order book, winning new contracts and generating strong cashflow in line with its expectations, it said.
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