Maxi in top form with record sales

Contracts included the rebuilding of the Botanic Cottage in Edinburgh. Picture: TSPL

Contracts included the rebuilding of the Botanic Cottage in Edinburgh. Picture: TSPL

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Irvine-based Maxi Caledonian has posted record sales for the year to September 2015 following growth in both its haulage and construction divisions.

Group revenues were their highest ever at £73.9 million, an increase of more than 16 per cent on the previous 12 months. Profits jumped by nearly 24 per cent to £2.1m, driven by improvements across the board.

The dominant haulage operation overcame a continuing industry-wide shortage of drivers to post pre-tax profits of £1.6m, up almost 15 per cent. Sales were higher as well, at £55.9m.

The group, owned by chairman Gerry Atkinson, said it invested substantially during the period to modernise its fleet. All major contracts due for renewal were retained, with “significant new business awarded”.

A number of high-value jobs lifted revenues at Livingston-based Maxi Construction by 55 per cent to £17.7m, with a 31 per cent rise in pre-tax profits to £415,000.

Contracts included the rebuilding of the Botanic Cottage in Edinburgh, which was originally located in Leith Walk and was commended at last year’s Georgian Group Architectural Awards.

Alongside other industrial and commercial work, Maxi Construction was involved in the Kelpies Visitor Centre at Falkirk.

The group said its overall balance sheet remains strong, with no borrowings and with significant reserves.

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