One-stop-shop service pays dividends for McGee

Grant Prior 5 months ago
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Specialist contractor McGee generated turnover of £95m for the year to 30 November 2017 as pre-tax profits rose to £10.7m from £8.4m.

Managing Director Brian McGee said the integrated approach is paying off

The firm’s integrated service is proving popular as it offers combined demolition, civil engineering and structural engineering project teams.

Managing Director, Brian McGee said: “We’ve seen particular interest in our integrated demolition, basement excavation, sub and super-structure delivery capability.

“During the year, the Group benefited from pursuing a strategy of concentrating its activities in the London and South East construction market, specialising in decontamination, asbestos removal, demolition, civil engineering, construction and recycling services, either as standalone disciplines or as an integrated offering.”

McGee uses its own staff across all disciplines and has invested heavily in digital construction.

Group Finance Director, Paul Hickey said:  “McGee has delivered another set of healthy results in FY2017 and whilst our overall pre-tax profit performance is flattered, to an extent, by profit on sale of surplus property assets, our core business has continued to trade robustly.

“The business fundamentals continue to be very strong, robust pre-tax profit, no loans or overdrafts, £11.4m cash at bank and the Group generating sufficient funds from its operating activities on an ongoing basis to meet its working capital requirements.”

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