Croma Security Expands UK Network with Acquisition of TLS Security Systems

Croma Security Solutions ( (GB:CSSG) ) has issued an update.

Croma Security Solutions Group has acquired TLS Security Systems, a family-owned locksmith and access control specialist based in Taunton, Somerset, for up to £0.47m plus £0.20m for its freehold retail property, funded entirely from existing cash reserves strengthened by instalments from the earlier Vigilant disposal. TLS, which generated £0.94m of revenue and £0.11m of EBITDA in the year to 31 March 2025 and derives about 80% of its turnover from commercial customers such as local authorities and healthcare operators, will become Croma’s first operational presence in Somerset, expanding the group’s network to 17 security centres and deepening coverage in the South West. The integration is designed to create operational synergies by combining TLS’s regional reputation and technical expertise in locksmith and electronic security with Croma’s broader national platform, reinforcing the company’s acquisition-led expansion strategy and offering enhanced service capabilities to both commercial and retail clients, while three of TLS’s owner-operators remain in place during the earnout period to ensure continuity.

The most recent analyst rating on (GB:CSSG) stock is a Hold with a £86.00 price target. To see the full list of analyst forecasts on Croma Security Solutions stock, see the GB:CSSG Stock Forecast page.

Spark’s Take on GB:CSSG Stock

According to Spark, TipRanks’ AI Analyst, GB:CSSG is a Neutral.

Croma Security Solutions is supported by strong financial stability and positive technical indicators. The stock’s valuation is attractive with a reasonable P/E ratio and a solid dividend yield. However, the overbought RSI suggests caution. The company should focus on improving profitability margins and cash flow management to enhance its financial position.

To see Spark’s full report on GB:CSSG stock, click here.

More about Croma Security Solutions

Croma Security Solutions Group plc is an AIM-listed, technology-led security solutions provider with over 50 years of specialist experience, offering locksmith, fire and electronic security services to domestic and commercial customers. Headquartered in Southampton, the group operates a growing network of 17 security centres across the UK, serving sectors such as health, education, leisure and entertainment, and utilities, and is trusted by national brands including multiple NHS Trusts. Following the 2023 sale of its man-guarding business Vigilant for £6.5m, Croma has focused its growth strategy on building a national network by acquiring traditional local locksmith businesses and converting them into modern security centres with wider product ranges and centralised services.

Average Trading Volume: 11,799

Technical Sentiment Signal: Hold

Current Market Cap: £10.19M

For detailed information about CSSG stock, go to TipRanks’ Stock Analysis page.