Turnover flat as Glencar rethinks strategy

Turnover on the agency for the yr to September 30 2024 was £406.8m from £405.9m final time whereas pre-tax revenue improved to £4.8m from £2.2m.

Final yr chief government Eddie McGillycuddy had set a goal of 10-20% income progress for this monetary yr.

The agency had a technique rethink through the interval and is now concentrating on turnover progress of 10% over the subsequent two years.

McGillycuddy stated: “We’ve got reevaluated our business technique, making certain we give attention to the best kind of labor in an effort to deploy our assets effectively, while successfully managing threat.  We sit up for the yr forward with a way of optimism and confidence with a powerful order ebook and an distinctive crew.

“We’ve got already secured a strong order ebook of £350 million for 2025, with sturdy undertaking margins and well-established supply groups. On the similar time, our dedication to innovation and the mixing of good processes and know-how is accelerating, making certain that we keep on the forefront of trade developments.

“We’re concentrating on 10% income progress within the subsequent monetary yr, adopted by 10% within the following yr. This bold aim is underpinned by our technique of cultivating repeat enterprise with our key shopper base whereas actively exploring strategic alternatives with new shoppers and in rising markets.

“A core focus for us stays the sustained enchancment of revenue margins, while all of the whereas sustaining the excessive requirements of service supply that our shoppers anticipate. We’re devoted to reaching this delicate steadiness and making certain that our progress doesn’t compromise the excellence of our companies.”