Midas boss hopes for bright 2011

Grant Prior 13 years ago
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Midas Group Chief Executive, Alan Hope, is ‘cautiously optimistic’ about prospects for the rest of this year after winning contracts worth £60m already in 2011.

Hope said:  “We are moving into the final quarter of our current financial year and we are on track for growth in our revenues despite the contraction in our marketplace.

“We have also started 2011 with some significant new contract awards which are helping to boost our order books for 2011 and 2012.

“In the first two months of 2011 we will be securing new contracts in excess of £60m across a range of sectors including a MoD housing project on the Salisbury plain, a community regeneration scheme in Cornwall, a high profile retail fit out in Exeter City Centre, a number of food retail projects and a range of affordable housing schemes across the South West and South Wales.

“As a result we are cautiously optimistic about the future but realistic enough to know that trading is still tough particularly following the stringent public sector spending cuts.

“We have maintained steady progress and that, I feel, is the key to progress for us – maintaining our reputation for reliability as well as quality.

“We are fortunate to have a strong balance sheet with no debt and a healthy cash balance so we are well placed to continue our success and to maintain our focus on providing industry leading customer service”.

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