The mac-group has today announced that it is expecting annual turnover to rise to £250m in 2019 as a result of continued growth in both Great Britain and Ireland.
Headquartered in Newry, Co Down, the group said today that its NI-registered business posted turnover of £82.6m for the year to December 31, 2018. That was down slightly on the year before as several large projects were delayed into 2019 but the business continued to trade at a 4% net profit.
But after securing a number of significant construction and interiors projects in Dublin and cities across the UK, the group expects turnover across its businesses to rise sharply for the 2019 year, with the NI-registered business expected to see turnover reach £140m and total group turnover of almost £250m.
The mac-group continues to build its market share in the UK and for the first time this year will attribute more than £100m of group turnover to UK projects. Current schemes include turning the £30m Liverpool Echo Tower into a 209 bed Melia Hotel, a £13m new build for Unilever at their Burton-on-Trent facility and a £12m external facade replacement at the Merry Hill shopping centre, which is owned by Intu.
The mac-group also announced its secured construction order book in Ireland is currently at €100m. Contracts secured this year include the construction of a 110,000 sq ft commercial office building for Ryanair in Dublin, a 120,000 sq. ft. logistics hub for Green REIT and a 120,000 sq. ft. mixed use office development in Newmarket Dublin 8 for Valorem Investment Partners. In Ireland, the company has also successfully delivered over £75m of fast track fitout projects through its mac-interiors brand for companies like Microsoft, KPMG, EY and Hewlett Packard.
Paul McKenna, Group CEO, said: “The mac-group has continued to win prestigious contracts from blue chip clients across the UK and Ireland in the past year and our profitability is above the industry average, which is testament to the hard work and quality of our work delivered by our team.
“This year we have opened an office in Manchester and recently expanded our office in Birmingham as the company continues to build its market share in the UK with customers such as IM Properties, St Modwen Developments, Reach Plc, Chase Midland Estates, Unilever, Mountpark and Intu.”
To oversee and support its growth the company has today also announced the appointment of Michele Deely to the role of Chief Operating Officer. Michele brings a wealth of experience from a 17 year career in financial services, where she has held senior positions in a number of organisations, most recently as COO of State Street.
The mac-group also continues to innovate and this year formed a joint venture with a US modular construction business called mac Skystone in direct response to the construction industry and government’s need to drive faster, cost-effective, technologically advanced construction methods.
The business has a factory in Poland where modular units are manufactured and delivered to their construction projects in the UK and Ireland, complete and fitted out and ready for occupation. The business is targeting the hotel and residential market in particular with this product.
For more go to www.mac-group.com
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