A £40 million increase in turnover in 2019 is being targeted by ambitious West Midlands construction contractor MCS Group as it continues to grow its presence in the buoyant industrial and logistics sector.
The company expects turnover to reach £150 million, up from £110 million in 2018 and almost double 2017’s figure. Profits remain on track to repeat 2016/17 levels of circa 5.0%. New jobs will be created, taking the workforce up to over 75.
MCS Group is currently constructing several warehouse units at sites including Bristol, Kettering and Ipswich, and has recently reached practical completion on projects in Milton Keynes and Lutterworth.
Managing director Keir Edmonds said: “We’ve had a great couple of years as we’ve followed our strategic business plan and gained a greater foothold in the buoyant industrial and warehouse sector.
“In 2019, around 70% of our work will be in that sector involving projects around the country, not just in the Midlands. Secured workload for this year is already at over £100 million and we’re only in January, so we’re quietly confident about the year ahead. Our two-year plan, P20, sets a target of £200million turnover by the end of the 2020 financial year. We’re already looking further ahead and can see continued significant but stable growth.”
The company, currently based at Claverdon in Warwickshire, has started constructing a new 8,500 sq ft office headquarters at a site in Haywood Road, Warwick, in a £2.5 million investment.
MCS Group, which also operates in the motor, retail, commercial and education sectors, is currently constructing several warehouse units at sites across the UK and has recently completed two units in Milton Keynes. 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.