Social enterprise GTS Solutions which provides security services, is celebrating doubling turnover in the last 12 months as the firm forecasts growth to £5 million within years. Chris Thewlis, WeDO member & CEO of the Edinburgh-based firm saw turnover reach £1m during the past year, underlining its position as “one of the most successful” social enterprises in Scotland.
“GTS generates over 95 per cent of its income from trading activity reinvesting a minimum of 65 per cent of all net profit into its social aims and objectives.
“Many other social enterprises will be subsidised or grant-funded to much higher ratios which makes our performance all the more pleasing.”
GTS recently signed a contract with Stirling Council, the tenth local authority to enter into a current partnership with the social enterprise.
Historic Environment Scotland engaged the firm to provide additional security at Edinburgh Castle and it is also the security supplier of choice for the University of Glasgow’s regeneration project.
The training division of GTS Solutions specialises in the development and delivery of unique employability programmes. Those employed within social enterprise models secure personal and career opportunities that otherwise would not be available to them.
The company’s upcoming annual impact report will forecast growth to exceed the £5m mark over the next three years, which would see it enter the top 4 per cent of social enterprises in Scotland ranked by turnover.
“We currently operate within the top 8.2 per cent of social enterprises for turnover and our expected growth should see us enter the top 3.6 per cent within the next three years. This top 3.6 per cent is mainly made up of housing associations and credit unions which have large asset bases and high regular income.
“We also operate within the top 14 per cent of social enterprises for turnover within the UK, which is way above the £150,000 median for a social enterprise aged six to ten years.” GTS is hoping to growth further by expanding south of the Border, where it is currently tendering for contracts.”
Chris has been a Board member of Social Enterprise Scotland since 2015. Social Enterprise Scotland is The Voice of Social Enterprise – uniting social enterprises and their supporters into a strong campaigning force. It’s an independent, membership-led organisation, built and controlled by social enterprises.
“Social enterprise is often misunderstood or overlooked in the business and investor communities. I take great pride in changing attitudes and responsibility for leading speedy growth in ‘social businesses’.”