The fully listed company, which handles product management to consumer and commercial technology concerns, increased turnover nine per cent to £105 million in the year to June. Chief executive officer Gary Stokes says these results reflect a thorough restructuring and re-branding process, which has Regenersis with two core service areas: repairs and environmental.

He points out the company doubled its gross operating margins and paid off its debts in 2007 to 2008, ending the financial year with £1 million cash. The company managed to renegotiate a £16 million banking facility in February and, says Stokes, now has adequate ‘headroom’ to make investments in new facilities which may not reap instant returns but should pay off in growth and profits in the longer term.

Stokes suggests Regenersis will be in a position to pay a dividend at the end of the current year on its shares, which fell from 164.5p in 2006 to 54.5p last February. Recommended by Growth Company Investor at 57.5p in March, they have now reached 80p and could rally further, overall stock market conditions permitting.

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