One of the leading players in the smart card market report a 30% increase in revenue for the financial year ended October 31.

Universal Smart Card directors Michael Smith and Chris Allen say they are ‘delighted' with the results of their eighth year in business.

"When considering we are experiencing the longest and deepest recession in history our performance during that period has been phenomenal," said Michael.

He said the success had been achieved largely through winning significant new smart card contracts in the UK as well as on a more global basis.

Said fellow director Chris:  "One of our strengths is our ability to retain existing clients whilst at the same time adding significant new contracts. We work closely with clients on a daily basis and in our last financial year took the key decision to hold much higher levels of stock which has turned out to be a wise move.

"We have also been able to reduce our lead times when pre-printing cards using the offset and silkscreen method which gives the best possible print quality without clients having to wait too long for their order."

Universal Smart Cards, who are based at Borehamwood, Hertfordshire, is forecasting continued growth in their financial year as the UK comes out of recession.

For further information contact Universal Smart Cards on 0845 230 00780845 230 0078 or email sales@usmartcards.com