• Strong order book takes MGL Group turnover back to £70m

    Strong order book takes MGL Group turnover back to £70m

    One of the region’s largest privately-owned businesses is overcoming post pandemic challenges by championing community-focused construction

    Thanks to a record order book across all divisions MGL Group has seen an increase in turnover. For the year ended 31 March 2022 the business saw turnover back to pre-pandemic levels of £70m from £56.4m in 2021.

    Margins were constrained during the year due to inflationary cost pressures across its supply chain, leading to pre-tax profits falling slightly to £3.04m, from £3.16m in 2021.

    The Durham-headquartered company, which employs more than 400 people, is overseen by founder Alan Davison’s son and son-in-law, and his daughter is a Group Director. Third-generation family members have recently joined the company to support its continued success.

    The organisation has also recently met with official industry recognition in the form of five awards from the Civil Engineering Contractors Association North East.

    Source: The Northern Echo