Family-owned County Durham construction business celebrates “fantastic” growth
Despite the labour and materials shortages which are affecting the industry, thanks to a record order book across all divisions and robust liquidity, MGL Group has seen an increase in turnover.
For the year ended 31 March 2022 the business saw turnover back to pre-pandemic levels of £70m from £56.4m in 2021. Margins were constrained during the year due to inflationary cost pressures across its supply chain, leading to pre-tax profits falling slightly to £3.04m, from £3.16m in 2021.
The Durham headquartered company, which employs over 400 people, is overseen by founder Alan Davison’s son and son-in-law, and his daughter is a group director. Third-generation family members have recently joined the company to support its continued success.
Driven by its founding ethos of “high-quality workmanship”, the business collaborates with main contractors, local authorities and other industry professionals to develop long-lasting partnerships. It delivers “safe, innovative” solutions that enhance the communities in which it works.
In line with continued workload and securing new contracts, the business continues to make a significant contribution to the economy in terms of employment, skills, and training opportunities.
Earlier this year the company acquired specific assets of KW Purvis, including Longhoughton Quarry, to further strengthen the Group’s delivery capabilities and support future growth. As a “significant employer” in Northumberland, the company supports rural communities and provides quality opportunities for local people.
MGL Group continues to invest in employees through Apprenticeships, on-the-job training and work experience placements. There are currently 29 Apprentices across the Group and the organisation has been awarded Gold membership to The 5% Club in recognition of its commitment to bringing fresh talent into the industry.
From humble beginnings to a heritage brand, the business has put over £1.13 billion into the economy over the last ten years. The firm exhibits longevity, adapting with the economic and social circumstances. With consistent revenues and profits, it continues to flourish in what remains to be a challenging and very competitive sector.
Mark Davison, joint chief executive, commented: “We work with a range of clients and have a fantastic team who are champions for our company, embodying our core values.
“MGL Demolition is enabling regeneration in our cities and towns by undertaking a range of exciting demolition projects such as Sunderland Civic Centre, Pilgrim’s Quarter in Newcastle and also the Castlegate Shopping Centre & Swallow Hotel in Stockton. This is a really exciting time for the North East and we are proud to be part of the transformation.”
By Matthew Neville – Correspondent, Bdaily
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