CAE Technology Services Beats the Odds with a Stellar 28% Revenue Surge
So, CAE Technology Services just announced that its financial year ending June 2019 saw a +28% jump in turnover, taking the firm from £103.9 million to an eye‑popping £132.9 million. That’s a big bump, and it leaves the company comfortably in the Sunday Times Profit Track at No. 26 – a serious shout‑out that Britain’s fastest‑growing private businesses are taking grace notes.
Why the Numbers Are Ring‑Ticker
- Strategic investments from the previous year paid off in multiple growth streams.
- Operational efficiency and fresh brand‑drive stitched the revenue pie together.
- Early‑bird financial planning meant no overlapping costs – the CFO never liked an extra line item.
Office Upgrade: From Watford to Hemel‑Hempstead, 30,000 sq ft of Brilliance
In celebration of this milestone, CAE has purchased a spanking new head‑quarters in Hemel‑Hempstead (a quick detour from the Watford venue). The move will be finished by Q3 of 2021 and will:
- Lift office capacity from 18,000 sq ft to 30,000 sq ft.
- Open room for a top‑notch service desk, NOC, warehousing, and business‑core functions.
- Provide a loftier workspace that, frankly, feels like a reflection of the big steps CAE’s team took.
CEO Justin Harling on The Move
“The CAE team is our most valuable asset, and we realised early on that they deserve the best environment before the pandemic hit. Even if the future feels slippery, we’re confident this is the right long‑term play,” said Harling with a farmer‑like decision‑making vibe.
“The Profit Track ranking is a tribute to the whole staff’s grinding effort. Coupled with a solid finance structure, there’s no cost overlap – it’s a pure win for the company.”
“Remote work has shown us we can adapt, but for the best collaboration and wellbeing, a hybrid approach is key. We’re committed to a space that balances office buzz with flexible freedom.”
“We’ve been in our old HQ for almost 20 years. The growth that demanded a move is proof of our people’s dedication. Watching staff well‑being first, we’re ready to invest back into the team that earned it.”
“This new HQ underlines our long‑term thoughtfulness—building a strong business with a bright future is the right play.”
What It Means for the Broader Crew
With the new, larger, plus smoothed-out workspace, CAE’s allies, customers, and suppliers can enjoy quicker, more direct interactions. Spread-out offices will help to tame daily distractions, boost morale, and keep the entire supply chain humming.
Quick Takeaway
- Revenue sky‑rocks by 28% in FY 2019.
- Ranked 26th on Sunday Times Profit Track.
- New HQ: 30,000 sq ft in Hemel‑Hempstead.
Bottom line: CAE is not just riding the wave; it’s building the surfboard that will carry it forward for years to come.
