Glass specialist smashes financial targets
The Liverpool branch of GG Glass, a national contract glazing supplier and installer, has smashed its annual financial targets.
It exceeded £3.6m turnover for the 2018 financial year. This compares with £2.8m a year ago, and a figure that it said it is set to build on in the year ahead by a further 10%.
The Liverpool office is also the base for the group’s national accounts division, which generated revenues of £4.5m, against £3.3m the previous year.
With its roots and headquarters in the city, the firm as a whole turned over a total of £17.3m during 2018, compared with £14.6m the previous year, consolidating its position as a leader in its field, it said.
The projected group turnover for the current financial year is £21m.
Group pre-tax profits also showed an improvement, coming in at £1,772,147, up from £1,008,949 in 2017.
Launched in Liverpool in 2008 with only a handful of staff, the firm now employs 150 people nationally, with 25 staff in Liverpool.
GG Glass says it has grown to become the glazing installer of choice for many main contractors, shopfitters and business operators direct.
Work delivered at Primark stores throughout the North West on behalf of contractor Graham Construction accounts for £1m of the firm’s Liverpool turnover, while new glazing installations across Red Rock Leisure in Stockport accounts for £600,000 of turnover.
GG Glass director Ray Moss said: “We are now just over a decade old and have enjoyed steady growth year-on-year.
“Contracting work accounts for around two thirds of our business, whilst emergency glazing largely makes up the remainder of our core work.”
He added: “We see this becoming an increasingly important part of our business moving forward following the departure of a number of industry competitors.”
While consolidating partnerships with leading contractors, the firm aims to develop its presence in the public sector arena, notably hospitals, healthcare centres and education facilities.
Mr Moss said: “Undoubtedly we are the ‘go to’ supplier and installer of choice for many in the private commercial sector, yet recognise that there are lots more opportunities for us in the public sector, which we see as an important part of our business moving forward.
“The business as a whole has had a successful year and I’m proud to see the Liverpool branch surpass its targets once again.
“We look forward to driving through further growth in the year ahead and consolidating our position on a national scale as we branch out into new arenas.”
