Member Article

Huddersfield-based construction supplier Marshalls plc reports substantial pretax profits

Huddersfield-based Marshalls plc, the manufacturer of natural stone and concrete hard landscaping products, and supplier to the construction, home improvement and landscape markets, has reported substantial full-year pretax profits.

The firm reported profit before tax up 75% to £14 million, from £8 million 2013. Revenue is up 15% to £180 million compared to £156.5 million in 2013.

Trading conditions continue to be ‘positive’ according to the group, with a 19% increase in the demand from their major markets in the public sector.

The firms said that If these positive market conditions continue through the second half, it is likely that the full year revenue and profit before taxation will be above original expectations, however the medium term objective is for the Group to return to the much higher pre-recession revenue and profit levels.

Martyn Coffey chief executive, said: “Marshalls has experienced strong growth in the first half of the year and forward indicators continue to be positive in all major end markets.

“Our volume growth has outperformed the market, we are delivering benefits from operational gearing and our operating margins have improved strongly.

“Marshalls remains focused on product innovation and service delivery initiatives to deliver continued sales growth and further improve trading margins.

“The medium term objective is for the Group to return to the much higher revenue and profit levels that were achieved by Marshalls before the recession.”

This was posted in Bdaily's Members' News section by Clare Burnett .