Integrated facilities services provider, MSS Group, has reported record growth in profit and turnover across the company in its year-end accounts.
For the year ending 31st March 2020, the company returned a gross profit of 34 per cent with a record pre-tax profit of £5.2 million, the results were further boosted by an 89 per cent increase in annual turnover on the previous year, from £15 million to £28.5 million. The growth has been highlighted by significant client wins in both the private and public sector, including notable contracts in the Higher and Further Education sector and the Military and Defence industry.
Speaking on the results, Bill Mayne, Chief Executive of MSS Group said: “We are delighted to have not only achieved, but to have exceeded the objectives set out in last year’s corporate plan. It is very satisfying to report record growth across the board in profit, turnover and margin. These results are a testament to our talented and dedicated teams of people and the strong relationships we have built with our valued customers.”
The Cardiff-based business operates a range of services including industrial and commercial cleaning, waste management, asbestos removal, water treatment, security services and more. The group works primarily with large manufacturing companies, major construction companies and public sector bodies, including many blue-chip organisations. This year has seen the group win several important new clients, which has created opportunities for the business across the UK with around 35 per cent of the business now conducted outside of Wales.
MSS continues to strengthen its management team and has made a number of key appointments both externally and from within. Growing and rewarding staff has been a long-standing commitment by the fast-growing business, which has led to the group winning the Investors in People Gold Award.
While it has been a strong year for the group in a fiscal capacity, the group continues to place high importance on its impact in the local community and support of charitable organisations. The business supports several local charities and is a member of Business in the Community.
MSS Group has also set out a commitment to being carbon neutral by March 2021, which the company says it remains on course to achieve.
Mayne concluded: “We are very optimistic about future profitable growth, particularly in the West of England and along the M4 corridor. This will enable us to continue supporting our clients, staff and the communities in which we work and live.”