Wed, 14 Aug 2019 | BUSINESS SALE
Engineering and services group NG Bailey’s strategic acquisition of its counterpart, Freedom, in March 2018 has allowed the company to boost its turnover by 16 per cent as a result of its ability to diversify into new sectors and expand its range capabilities.
NG Bailey reported a turnover of £556 million for the year ending 1 March 2019, which was up from £481 million from the previous year. The company also showed in its accounts an increase in profit from £13.7 million to £19.4 million over the same period.
In addition to this, the group demonstrated a growth in its order books from £1 billion to £14 billion.
David Hurcomb, the chief executive of NG Bailey, said: “We have continued to deliver against our five-year strategy to achieve a balance in the business across our Engineering and Services divisions.
“The success of this plan is reflected in a strong operating performance that has continued to improve year-on-year.
“Our acquisition of Freedom has been key in allowing us to expand our capabilities in sectors including defence and airports, as well as establishing a new presence in the electricity distribution network market.
“We have also gained a wealth of new knowledge and experience from the talented members of Freedom who have now joined the NG Bailey Group.
“All businesses in the construction sector are operating in a challenging environment, but we believe our solid financial position, and our continued investment in our people, puts us in a good position to weather any future economic uncertainty.”
Some of NG Bailey’s contracts have included the redevelopment of London Bridge Station, North Tees and Hartlepool NHS Foundation Trusts Hospitals, and the Grosvenor House renovation in Sheffield city centre.
Engineering company in the West Midlands. The business was established in 1967 and has been in our client`s ownership since 1977. Only now is the business offered to the market due to our client`s wish to retire. We feel this is an excellent opportun...
LEASEHOLD
Has the latest, advanced CNC machinery, offering a first-class service. Holds long-standing relationships with several clients, with some in place for over 18 years. Offers invited.
LEASEHOLD
Very well-established Joinery company, which was founded in 2008. Our client now looks to sell the business, due to other business interests. The business supply quality furniture and fire doors to all parts of the UK and are licensed to supply Coria...
FREEHOLD
|
20
|
|
Aug
|
EAG construction business snapped up by Elaghmore | BUSINESS SALE
English Architectural Glazing Limited (EAG) has been snapped...
|
19
|
|
Aug
|
Childcare entrepreneur boosts portfolio with Liverpool acquisition | BUSINESS SALE
The Griffin Nursery, a children’s day nursery in Bootl...
|
15
|
|
Aug
|
Payroll and HR companies acquired by software group | BUSINESS SALE
IRIS Software Group has finalised the agreement of intent to...
Sign up to receive our acquisition alert emails to get your FREE guide
|
24
|
|
Jun
|
German lubricants giant Fuchs buys BFG | BUSINESS SALE
Specialist lubricant producer Batoyle Freedom Group (BFG) ha...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources