MCS Group to hit £150m turnover target

Grant Prior 3 months ago
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MCS Group is on track to hit its turnover target of £150m this year – an increase of £40m on 2018.

A warehouse unit in Cannock completed by MCS Group

The Midlands-based contractor said its profit margin has also been maintained at around 5%.

MCS Group is now looking to expand in new sectors outside its traditional specialisms in industrial, storage and distribution work.

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 £132m, and we are forecasting annual turnover of £150m, 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 £80m.

Group managing director Keir Edmonds added: “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.”

 

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