NMC Group sees record turnover rise to £82m

North Midland Construction enjoyed rapid growth last year in two specific areas: its building subsidiary North Midland Building and Nomenca, the group's M&E wing.
NMC Group announced a record turnover (12 months to 31 December 2003) of £82m (£78m). And chairman and chief executive Robert Moyle is budgeting for a further 20% rise in turnover in the current year to break through the £100m barrier.
The latest pre-tax profit of £2.9m (£2.8m) would have been higher but NMC took a hit on one of its civil engineering contracts.
NMC has three operating divisions: civil engineering, highways and utilities.
"For civil engineering, the water industry continues to be the focus of its activities," said Moyle, who expected to gain further market share during the water sector's up-coming AMP4 renewal programme period.
The group is based in Mansfield, Nottinghamshire, with regional offices in Plymouth, Bristol, Kidderminster and Warrington. "We're not in Scotland but, ultimately, we will look at establishing a base there," said Moyle.
"The group's turnover is not a barrier to getting work with major clients such as the Ministry of Defence or the Highways Agency," he added. "We work on a stand-alone basis with water clients, while for the HA we work within the AmScott consortium.
"The greatest success stories of the year have been the rapid growth of NMC's building subsidiary, North Midland Building and Nomenca, both of which achieved record levels of sales and profits."
North Midland Building is working on its biggest project for almost 600 student flats in Lincoln, valued at £13m.