Alan Shadbolt

MCS Group on track to up turnover by £40m

Construction contractor MCS Group is on track to reach its £150m turnover target in 2019.

This would result in a £40m increase on its 2018 turnover, and almost double the figure recorded in 2017.

The contractor is currently experiencing a period of growth and is expanding its presence in the industrial, storage and distribution sector, as well as exploring new sectors.

It believes that profits are set to hit around 5%.

Alan Shadbolt, commercial director at MCS Group (pictured above), 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.”

The contractor is now focusing on a new strategy to take advantage of opportunities in the commercial propery marketplace.

Keir Edmonds, group managing director at MCS Group, 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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