Leicestershire-based consulting development engineer, M-EC is celebrating five years in business with a record turnover.
M-EC, which employs 35 people at its Ibstock office, recorded a turnover of £2.2m and pre-tax profits of £560,000 for the year ending 2014.This represents more than a 50% growth on the previous year. “The last 12 months has been strong for M-EC, largely due to major contract wins from our highways, transport and flood risk/hydrology divisions,” explains managing director, Eddie Mewies. “In addition, our success rate in winning and retaining new clients has increased, as has our percentage of repeat business. We attribute this to the more robust team structure we instilled during 2014, promoting key team members to associates to consolidate client relationships and subsequently allow senior management to pursue business development.”
Established during the height of recession in 2009, M-EC was created after its directors identified a gap in the Midlands market for a consultancy that could provide the full spectrum of engineering services with a single, centrally located base.
“We found that most existing consultancies only offered one or two services, meaning work was frequently outsourced and clients were frustrated at having to deal with a variety of consultants or multiple offices,” said Alex Bennett, director. “By bringing all the disciplines under one roof, we were able to offer complete solutions for clients, which enabled us to stand out from the competition and has been paramount to our successes over the past five years.”
M-EC’s core client base operates in the construction industry and the consultancy works regularly with over 300 contractors, housebuilders, planning consultants, local authorities and public bodies. In addition to its record financial results, 2014 also saw the consultancy expand its fledgling apprenticeship scheme, employing a further four apprentices, and receive regional and national recognition in four major awards, including winning ‘Best Residential Scheme’ at the East Midlands fbe awards for its work at St James Gate, Anstey with Davidsons Developments.
Looking ahead, M-EC has plans to continue expanding its product/service portfolio and is currently seeking a utilities specialist to lead its growth in this niche sector. The consultancy is also investing in drilling machinery and operatives to bolster the site technical services division.
“Our forward order book looks healthy and combining this with a stabilising construction industry and an improving housing market, means we are forecasting a further 10% growth for 2015. Hopefully this will include the creation of ten jobs, including three on our in-house apprentice scheme.” Eddie concluded.
To celebrate its fifth anniversary, M-EC invited clients, colleagues and suppliers to events at Leicester’s Parcel Yard and Birmingham’s Pure Bar & Grill.
