We report another good year Group Turnover £74.21m
Group Profits £1.59m
Maxi Caledonian Ltd. is the ultimate holding Company of Maxi Group Ltd., Maxi Haulage Ltd., Maxi Warehousing Ltd. and Maxi Construction Ltd. We therefore report on the consolidated position of these Companies at 30th Sept. 2017, all of whose Accounts have now been lodged at Companies House.
All companies remain profitable but with slightly reduced margins due to unavoidable cost increases which have not been recovered.
We sincerely thank our customers and clients for their continued support and our staff and subcontractors for their commitment and hard work.
We continue to maintain very healthy balance sheets with cash reserves and no borrowings. This allows us to maintain our investment programme and finance expansion when opportunities arise.
The turnover increased from £56.1m in 2016 to £62.3m in 2017 and profits before tax were £1.35m in 2017.
We made £3.5m of capital investments to maintain a modern fleet essential to continuing to achieve our high levels of efficient services and expansion.
Whilst turnover returned to expected levels of £11.4m from the previous year’s £8.6m, pre-tax profits decreased slightly to £353k. We have a good forward order book, delivering quality construction work throughout Central Scotland and further afield. We are also seeing an increase in turnover at satisfactory profit levels whilst strictly following our policy of not taking on any uneconomic work.