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Profits Soar For The QTS Group
The QTS group reports profits more than doubled to £6.54m for the 2014 year to March on a 135% increase in turnover to £65.3m
The family-owned group, which has its registered office in Strathaven, Lanarkshire had booked pre-tax profits of £3.1 million for the 2013 year on turnover of £27.79 million.
QTS Group notes in accounts filed with Companies House it delivered a “substantial rise” in work in England and Wales in the financial year, which saw operating profits more than double to £6.63 million (2013: £3.19 million).
The group notes it also secured a large national contract with Network Rail in the 2014 year to supply fencing across its UK network as well as minor works contracts along three Network Rail main routes, with the contracts commencing on March 31, 2014.
QTS notes the average number of employees in the 2014 financial year rose to 172, up from 105 in the 2013 year.
The group controlled by Alan McLeish, who holds 85 per cent of the issued share capital.
Commenting on the figures, McLeish said: “This growth has been fuelled by winning more framework contracts and alliances within the UK rail sector, improved supplier relationships and our increased capability to deliver more works and innovative operational solutions.
“Looking forward, the new infrastructure projects contract with Network Rail represents a major opportunity for the business and we are already working closely with the client team to ensure that the improvement work involved is delivered safely and efficiently.”
QTS Group's principal activities are in civil engineering, specialised plant hire, geotechnical works (relating to the engineering behaviour of earth materials), aboriculture (tree and shrub management), building and environmental services, fencing and training.