Commercial Property News
Image default
Business and Economy News Industrial Property News UK Property News

MCS Group on Target for £150 Million Turnover

Construction contractor MCS Group has announced that it’s on target to hit £150m this year, representing an increase of £40m on 2018 results.

The ambitious target is almost double 2017’s figure and should see the Midlands-based company’s profits remaining on track to repeat last year’s levels of circa 5.0%.

Commercial Director Alan Shadbolt said: “When seen against a backdrop of an increasingly difficult economic climate, which has had an impact on construction, the figures in our half-yearly management accounts are extremely robust.

“We’ve already secured turnover for the year to date of £132 million, and we are forecasting annual turnover of £150 million, as per our business plan, with profit levels being maintained at around 5%.

“We are also experiencing unprecedented tender enquiry levels, with tenders pending award standing at just under £80 million. ”

MCS is focusing on a new strategy to take advantage of the multitude of opportunities within the commercial property market place, ensuring that the group achieves the right mix of sector type and project sie.

Comment on the outlook for the future Group Managing Director Keir Edmonds said: “Looking ahead, we have a healthy order book accruing for 2020 and can see continued significant but stable growth. We’re also looking forward to starting a new era later this year when we move into our new headquarters in Warwick.”

Related posts

200 Degrees Coffee Opens New Liverpool Shop

Dominic Gabriel

FDC Relocate to 5,246 sq ft Birmingham Headquarters

Zak Shah

CBRE Named One of the Best Employers for Women

Dominic Gabriel

Leave a Comment