Established in 1938, the long-serving signage and façades provider has experienced mixed market conditions in the last year. Despite the banking and retail sectors coming under pressure, the cladding and infrastructure sectors have experienced growth.
Merson Group achieved an overall turnover of £31.9m in 2018, keeping level with previous years. Productivity gains also meant that the firm increased its gross margin from 30.8% in 2017 to 31.1%.
As a result of the recent growth, Merson Group plans to roll out new complimentary products and services to its clients – of which the results will be expected in 2020.
“The board is pleased that, despite a difficult market, sales, margins and EBITDA all improved in 2018. Nothing radical, just steady progress towards higher management targets,” reflects Roddy Angus, chief executive officer of Merson Group.
Merson has never stood still and we have a number of exciting development plans that we are actively pursuing”
Describing the varied market conditions in the industry, Angus says that the firm is witnessing the biggest shake-up of this century in retail, automotive and banking sectors.
“Through working closely with key clients on our Place Branding offer, we are assisting in the repositioning of a number of major brands as they adapt to the impact of online transactions,” continues Angus.
In building products, Merson Group has experienced evidence of projects being held back by Brexit. Despite this it grew its cladding sales through partnering with a tight group of envelope contractors who it works with under its strategic partners banner.
Looking forward to future projects and initiatives in a time of uncertainty, Angus adds: “Merson has never stood still and we have a number of exciting development plans that we are actively pursuing.
“Brexit is once again disrupting our markets but, together with our compliment of 300 staff and the ongoing support of our financial backers, the board is determined to drive the business forward regardless.”
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