It’s been an exceptional year for the construction industry as a whole but for off-site contractor, M-AR, it’s been exceptional for all the right reasons – with record-breaking sales and turnover reported. And now the company has its sights set on breaking even more records this year and beyond.
The Hull-based off-site contractor, which is still privately owned today, was founded in 2007 and has gone from strength to strength ever since. It primarily operates across the residential sector, both private and social housing, as well as education and the commercial sectors.
M-AR: the 2020 results are in
Following a period of unprecedented growth, M-AR has reported an increase in turnover of more than 300 per cent up on the previous year. This makes the year ending March 2021 truly exceptional – especially in the face of industry-wide challenges posed by the Covid-19 pandemic and subsequent national lockdowns.
M-AR has reported annual turnover in excess of £20 million for 2020/2021 and, with a clear strategy is on track to increase turnover by a further 50% in 2021/2022. Moreover, the company’s profitability also increased significantly, making it M-AR’s most successful year to date and the sign of things to come as it makes a name for itself as a trusted offsite contractor.
What’s the secret to M-AR’s success?
M-AR works in partnership with customers and supply chain partners to find the right solution for each project brief, using its expertise to tackle any challenge to create and deliver schemes without compromise. The company primarily focuses on volumetric schemes but has the ability to provide alternative construction solutions, making its offering truly unique.
M-AR also owes its success to its continued commitment to self-investment in all areas of the business with the latest period of growth fuelled by large-scale company-wide investment. M-AR was early to the housing market and is now part of the Buildoffsite Property Assurance scheme (BOPAS) and has invested significantly in its technology to allow it to increase its offering within the housing market.
In the last year the company has appointed 35 new members of staff, moved to a brand-new dedicated 100,000 sq. ft. manufacturing facility and invested over £2m in new machinery and equipment. This ongoing investment will continue to reduce the cost base for its customers and lay the foundations for M-AR’s ambitious five-year growth plans, allowing it to increase the volume of projects it can deliver sustainably and without impacting on quality or customer service.
What’s next for M-AR?
Ryan Geldard, Operations Director at M-AR commented: “We’re delighted that our novel approach is working well for our customers, and that is reflected in our financial results and forward order book. We’re entirely focussed on creating better project outcomes and lowering costs for our customers through our holistic assessments of their needs and by aligning our people and technology, merging the gaps between traditional contracting and manufacturing.
“Our management team is committed to making M-AR a happy and healthy place to work and also supporting our peers in industry to drive better collaboration. We’re first in line on many great initiatives that are breaking the mould of how high quality housing is delivered.”
For more information visit: www.m-ar.co.uk