Altrad NSG reports strong end of year figures
UK scaffolding and industrial access specialist Altrad NSG Ltd has announced strong end of year financial figures.
The Deeside-based company, which operates nationwide, filed its financial statements for the year to 31 August 2012 at Companies House, showing turnover for the group of over £23m following the acquisition of Midlands-headquartered MTD Scaffolding Limited and MTD Scaffold Limited.
The MTD companies, which operate through a series of nationwide depots, work within the local authority, social housing and construction markets.
Michael Carr, Managing Director of Altrad NSG, said: "The last financial period has been a success for the Altrad NSG group in terms of trading performance. We now employ 500 people across the UK, whilst maintaining the highest standards in health and safety.
"The strategic acquisition of the MTD companies - allied to the award of new contracts for Altrad NSG and an increase in our service provision to include rope access work - has produced a combined turnover for the Altrad NSG group of over £23 million during the period to August 2012, returning strong underlying operating profits and a combined fixed asset spend of over £1.5m in the period. A large proportion of this investment was in the market-leading Contur system scaffold product which is manufactured within the Altrad group. Altrad NSG Limited and its subsidiaries are one of the leading users of what is the most modern, flexible and secure system scaffold available.
"The company is highly committed to operating safely and in an environmentally considerate manner, and promotes a positive safety culture throughout its workforce. During the year the company was awarded a further gold medal for Occupational Health & Safety from the Royal Society for the Prevention of Accidents, alongside the British Safety Council Five Star Award."
Altrad NSG works with a range of blue chip construction clients, providing scaffolding and rope access systems, insulation, painting, coatings, blasting and industrial cleaning. Core sectors include on and offshore oil and gas, petrochemical, pharmaceutical, power generation (including nuclear), steel production, shipbuilding, rail and civil infrastructure.
In 2011 the business was purchased by French based multinational Altrad SA. Altrad SA has a global reach and is a market leader in the construction equipment and industrial services market throughout Europe. The group has grown organically and through acquisition since 1985 and has a strong financial base on which to grow further.
Mr Carr added: "With the support of our parent company Altrad SA which has over 70 subsidiaries worldwide, NSG is well positioned to continue to grow and trade profitably throughout the current financial year."