mabey groupMabey group is investing significantly in the next generation of engineers, products and services to fuel growth in modular bridging, construction services and infrastructure monitoring services. The investments - £18 million in the financial year 2015/16 and further significant new investment in the current financial year - are outlined in Mabey’s latest report and accounts filed today at Companies House. The financial results reflect Mabey’s strategic decision to exit the heavy steel and onshore wind turbine markets in order to focus on growing markets including modular bridging, temporary works and infrastructure monitoring. For the year ended 30th September 2016,

Mabey Group pre-tax profits increased to £11.9m (2015: £1.8m) on reduced turnover of £109m (2015: £141m). Cash balances increased to £67m (2015: £57m).Turnover of the discontinued businesses was £3.8m (2015: £31.6m) with operating profits of £4.4m (2015: loss of £9.7m). The continuing businesses generated turnover of £105m (2015: 110m) and operating profits of £6.9m (2015: £12.7m). Revenues and profits in the US matting market were impacted by the downturn in oil and gas markets. The hire markets in the UK, Australia and New Zealand reported modest revenue growth but with some cost pressure impacting margins, and the modular bridging business reported lower revenues but a growing pipeline. Read More