Key Highlights

  • Croma Security Solutions Group PLC (LSE:CSSG) reported Revenue up 13.8% to £10.97 million for the year to 30 June 2026, with EBITDA of around £1.04 million.
  • The group ended the year with £4.91 million of cash, equivalent to around 36p per share.
  • Two acquisitions during the year took the network to 17 security centres, with two more deals completed since the year-end.
  • Investment company Onward Opportunities has built a 10.13% stake, absorbing a former 9.9% holding.
  • The shares trade around 83.5p, near the top of their recent range.

Why Croma Is in Focus Today

Croma Security Solutions Group PLC (LSE:CSSG) has put itself on the radar of small-cap investors on the FTSE AIM All-Share as of 5 November 2026. On 2 November, the security solutions provider published final results for the year to 30 June 2026, confirming double-digit revenue growth driven by both organic progress and acquisitions. The results capped a busy few months in which Croma completed a string of bolt-on deals and welcomed a new major shareholder.

The shares have responded well to the story, trading around 83.5p and sitting near the upper end of their range. Technical indicators have been running hot, and the stock has become a regular topic on investor forums and social media, where followers of buy-and-build strategies are debating how far the company can scale its network of security centres.

What Croma Does

Croma provides security products and services across the UK through two main divisions. Croma Locksmiths operates a growing network of local security centres offering locksmith services, access control, safes and physical security solutions. Croma Fire and Security delivers integrated fire and security systems, including alarms, CCTV and monitoring. The group aims to build a recognised national Brand offering complete and integrated solutions for increasingly complex fire and security requirements.

Croma Security Solutions Group PLC (LSE:CSSG) previously sold its Vigilant guarding business, receiving around £6.5 million in proceeds, which allowed it to refocus on higher-margin security services and fund acquisitions.

FY26 Results in Detail

For the year ended 30 June 2026, revenue rose 13.8% to £10.97 million, slightly ahead of the approximately £11 million signalled in a July trading update, which itself was described as modestly ahead of market expectations. EBITDA was around £1.04 million. Operating profitability declined compared with the previous year as the group absorbed Acquisition costs and invested in expanding its network.

Cash at the year-end was £4.91 million, equivalent to around 36p per share, providing a solid platform for further acquisitions while supporting the company's dividend. Croma has a history of paying dividends, and directors have been reinvesting dividends into shares.

Acquisition Momentum

The buy-and-build strategy has accelerated in 2026. On 2 January, Croma acquired TLS Security Systems, a family-run locksmith Business in Taunton, Somerset. On 13 March, it bought Southern Security Services, a Dorset-based locksmith and security provider. Those deals took the network to 17 security centres by 30 June.

Since the year-end, the pace has continued. In August, Croma Security Solutions Group PLC (LSE:CSSG) acquired Added Security Technology for around £1.74 million. In September, it bought London locksmith William Channon. Each acquisition adds local expertise, customer relationships and cross-selling opportunities across the group's locksmith and fire and security divisions.

A Vote of Confidence From a New Shareholder

One of the more notable recent developments has been the arrival of Onward Opportunities, an Investment company focused on UK smaller companies, as a major Shareholder with a 10.13% stake. The purchase appears to have absorbed Liontrust's entire 9.9% holding, which investors had viewed as a potential overhang. A specialist small-cap investor taking a significant position is seen by many as validation of the company's strategy.

Chief executive Roberto Fiorentino remains the largest shareholder, with a stake of around 27% to 28%, aligning management closely with shareholders.

Risks to Consider

Croma is a small company, and integrating multiple acquisitions in quick succession carries execution risk. Operating margins have come under pressure, and investors will want to see improved profitability as acquired businesses bed in. Demand for security services can be affected by economic conditions, and Liquidity in the shares is limited, which can lead to sharp price moves.

What Investors Are Watching Next

The next milestone for Croma Security Solutions Group PLC (LSE:CSSG) is the annual general meeting, typically held in December, where management may update on current trading and acquisition integration. Interim results for the six months to December are usually published in late February.

Investors will watch for further acquisitions, evidence of synergies across the expanding security centre network, Margin recovery and Dividend policy. With a strong cash position and a supportive shareholder base, LSE:CSSG is well placed to keep building its national security brand on the FTSE AIM All-Share.