MALCOLM GROUP saw its turnover increase ‘substantially’ in 2021 as the economy emerged from the Covid 19 pandemic restrictions, with pre-tax profit surging by a fifth.
Despite seeing activity levels boosted in the first six months of this year, compared to the same period in 2021, Malcolm Group’s operating margins remained under pressure from energy prices and inflation, the company revealed in its latest annual results.
The group, which employs around 1,930 staff, has operating licences for 748 trucks and 1,167 trailers, runs a logistics division, a construction services division and waste management division.
In its annual results to 31 January 2022 the group reported that turnover increased ‘substantially’ in all three divisions. Turnover leapt by 19% to £230.6m (2020/21: £193.8m) whilst pre-tax profit in the period soared by 20% to £7.2m (2020/21: £6m).
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