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MCS Group on target for £150m turnover

MCS Group on target for £150m turnover

Construction contractor MCS Group is on target to hit its turnover target of £150 million in 2019, an increase of £40m on 2018 and almost double 2017’s figure.

The ambitious Midlands-based company says profits remain on track to repeat last year’s levels of circa 5.0%.

MCS Group is experiencing a sustained period of significant growth as it continues to increase its presence in the industrial, storage and distribution sector while also exploring potential new sectors.

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 £80m.

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.”

The company is focusing on a new strategy to take advantage of the plethora of opportunities being presented by the commercial property market place, ensuring that the group achieves the correct mix of sector type and size of project whilst giving due consideration to the required business structure and efficiency, said Keir.

MCS Group is building a reputation as one of the industrial and warehouse sector’s leading construction companies. The company has also built and refurbished more than 300 car dealerships including Audi, BMW, McLaren and Jaguar Land Rover since its inception in 2003.

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