McLaughlin & Harvey Holdings results of year to 31st December 2019, filed at Companies House this week, show pre-tax profit steady at 拢11.5m (2018: 拢11.3m) on substantially increased turnover of 拢513.4m (2018: 拢422.7m).
鈥淭he directors are every encouraged by the performance of the group as a whole through 2019,鈥� company secretary David O鈥橬eil wrote in the strategic report.
鈥淭he construction and civil engineering businesses showed a strong improvement in trading performance during the year. The current order book, tender opportunities and performance for 2020 is healthy.
鈥淭he distribution business continues to perform strongly and current indications are that 2020 will be another successful year for the business.
鈥淭he environmental business also performed strongly in 2019 and, with the benefit of a number of long-term contracts supported by well-invested modern infrastructure and machinery, is best placed to take advantage if market opportunities going forward.
鈥淭he fundamentals of each of the businesses within the McLaughlin & Harvey Group are strong and focused on each of their respective markets. The balance sheet for the group shows net assets of 拢55.2m supported by net cash of 拢84.1m.
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