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Tue June 22 2021

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Record results for Clugston

12 Jun 13 Clugston Group has seen its turnover return to pre-recession levels and profits hit a record high.

Chief executive Stephen Martin
Chief executive Stephen Martin

Figures for the year to 31 March 2013 show turnover up 30% to £108.7m from £83.8m in the previous year. There was a threefold increase in pre-tax profit from £2.0m to £6.1m.

The forward order book has topped £220m.

Clugston has interests in construction, logistics and property.  The construction division saw its turnover increase by 32% from £73.8m to £97.5m.

It is currently working on four energy-from-waste (EfW) projects: in Lincolnshire, Staffordshire, Oxfordshire and Shropshire, as well as a biomass plant in Kent. All the projects are in conjunction with joint venture partner Constructions Industrielles de la Méditerranée (CNIM).

The joint venture was also recently awarded a contract to build the new Leeds Energy Recovery facility for Veolia Environmental Services, who are waste management partners with Leeds City Council, further consolidating Clugston’s position in this market.

It has also recently started work on three schools under the Northern Lincolnshire Building Schools for the Future programme and an academy in Cleethorpes through the Education Funding Agency contractors’ framework.

Clugston Group chief executive Stephen Martin said: “2012 was a momentous year in the company’s history, as we not only celebrated our 75th anniversary, but achieved record profits, strong cash balances and an order book that allows us to look forward with increasing optimism."

He added, "Whilst we expect several of our traditional markets to remain challenging, through our commitment to supporting our customers, we have confidence in our ability to make further impressive progress in 2013."

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