Construction and Infrastructure
Ever intrepid family business sees turnover pass £25 million
Innovative, ingenious, intrepid – we could go on. Listing everything the McGurk Group is involved in and capable of would take too long, but it continues to grow and forge ahead.
Family run, the Gloucestershire firm has laid solid foundations most notably in unfashionable areas including ground working and plant hire, but it has done so with a flare, determination and courage which sees turnover reach £25.3 million this year.
Up three per cent on the previous year, the figures in its most recent accounts also reveal “significant investment” over the last 12 months – totalling not far off £10 million.
“The core principal activities of the group during the year continue to be the provision of plant and transport services, construction, land development, domiciliary care, supported accommodation and independent residential and commercial property letting,” says the group strategic report in its most recent set of published accounts, signed by director Eamonn McGurk.
A 1st Call excavator in a rare moment of rest at the fast-developing Gloucester City AFC ground, Meadow Park (image take from Alex Petheram's blog. Mr Petheram is co-chairman of the club, alongside Eamonn McGurk)
“The directors are pleased with the levels of turnover and profitability generated by the group's core activities and are confident that trading performance can be maintained and improved in the coming year.
“The group has continued to make significant investments with £9.5 million spent during the year in its core activities."
This includes the acquisition of a property with land in Swindon, which will be used by the group of companies to "expand its geographical operational areas".
And there was news of its activities in Somerset, close to the ongoing Hinkley Point nuclear power station build, and of its involvement in a building project in Quay Street, Gloucester.
“The group has acquired a majority interest in Apex One Ltd, a company developing a plot of land in Bridgewater encompassing a number of residential and retail units.
"The group has made a further investment in Westprop Real Estate Ltd which is in the final stages to commence construction of student apartments,” said Mr McGurk, who runs the business with fellow director Brian McGurk.
In 2018 McGurk Group also acquired a significant stake in a plant hire company in London and surrounding counties.
The business said it “continued to invest in IT facilities automation and integrate processing which will speed up the flow of information across all areas of the business”.
“The directors remain confident that the group is well placed to operate nationally and maximise the market opportunities through both internal and external growth.”
The report, signed on May 31 this year for the accounts covering the year ending August 2019, underlines this measured confidence by adding that “the company has considerable financial resource available”.