Midas Group鈥檚 results for the year to 30th April 2019 showing a nearly 9% growth in pre-tax profit to 拢750,000 (2018: 拢690,000) on revenue down approximately 3% at 拢259m (2018: 拢267.4m).
Despite the challenges faces the construction industry, Midas continues to operate with no debt and ended the year a cash reserve of 拢22.7m.
Chief executive Alan Hope said: 鈥淲e鈥檙e pleased to be able to report a year in which we consolidated the significant growth recorded in 2018 鈥� especially so given the continued disruption seen in the sector.
鈥淲e continue to focus on our vision of delivering industry leading customer service and performance which is at the heart of how we do business and will ensure we are well placed for the future.鈥�
Since a management buy-in in 1998, Midas has been owned by chairman Steve Hindley and finance director Mike Hocking, who are both now in their 70s.
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