Profits soar at Huthwaite construction giant

Profits have soared at Huthwaite based construction firm nmcn after bosses said its “strategic plan” is paying off.

For the year-ending 31 December 2018, profits at the firm rose from £1m to just over £6m. Revenue also increased – up from £291m to £345m.

The one black mark came in nmcn’s telecoms business, which achieved “poor margins” during the year.

John Homer, chief executive, said:
“These results demonstrate further advancement against the targets in our strategic plan. They mark the achievement of a respectable milestone on headline key performance measures and provide a solid platform for further progress.

“Our performance on cash management is particularly pleasing, with a strong year-end balance and net cash throughout the year. The strength of our ongoing operations allows us to continue to exercise rigour in the work that we chose to take on.

“There are positive signs of continued opportunities for us to grow in our chosen market sectors. Our forward order book is just over 90% of anticipated revenue for the year ahead with a healthy pipeline of future opportunities available.

“The future trading prospects look positive as we continue to progress our strategic plan. Our people remain the overarching differentiator and the driver for continued success. We will maintain our investment in the development of our talent pool.”