A restructuring of logistics and construction business The Malcolm Group almost two years ago has helped turnover reach £191.3m. Pre-tax profit for the group for the year to January 2007 was almost £5m turnover within its principal business as a haulage contractor was £183.9m, up from £162.2m in 2006.
Group chief executive Andrew Malcolm describes the group's performance as "very pleasing", following the reorganisation, which involved
the purchase of synthetic sports surfacing company Charles Lawrence Surfaces in January 2006. But he says cost pressures, including fuel prices and congestion, balanced against healthy order books mean he remains "cautiously optimistic" for the future.
The group invested £16m in fixed assets during the period, which Malcolm says includes a fleet replacement programme and upgrading existing depots. Its forays into rail freight over recent years have expanded and Malcolm says the group now runs 60 full trains per week. This includes its rail-link joint venture with ARR Craib between Grangemouth and Aberdeen. He adds: "We are always looking for new opportunities to protect our position in the market place."
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