Edwin James Group reports strong trading for fiscal year ending February 2020
Edwin James Group has reported strong trading as the engineering and technical services company saw growth across all of its core markets sectors.
The annual results saw turnover rise 15% to £153m with an increase in earnings (EBITDA) of 28% from the previous year.
The group continued to see organic growth across all operations and the recent acquisitions of Jex Process Services and Peak Technology Solutions, which support the expansion of its process services business.
Commenting on the results, Derek Smith, CEO of Edwin James Group said:
“We are harnessing the expertise of our people and the benefits of our technology solutions to provide our customers with unparalleled service to help them manage assets through the full lifecycle. It’s an approach that is driving revenue growth across the business.”
“We continue to be open to acquisitions that can add value to our customer offering by enhancing our capabilities in key sectors. This year’s results are a robust platform for continued growth.”
The group is a leading national engineering services business, employing 1,100 people with its head offices in both Glasgow and Burton-on-Trent.
The group has increased investment in its own Academy, which supports lifelong learning at every stage of an employee’s career. It has over 100 apprentices working across the group, and they form a key part of its workforce strategy. It plans to expand its apprenticeship and graduate programme further in 2021.
Mr Smith concluded: “While the last seven months have proved a challenging environment for all businesses to operate in, we have continued to trade robustly and we are well placed to return to growth in 2021. The synergies between our businesses continue to enhance value for clients, which is supporting organic revenue growth.”
Edwin James Group was founded by investment firm Aliter Capital, which initially acquired Ingen Technical Services then Korrie, both Scottish-based businesses. It was followed by the acquisition of Burton-based WT Parker Group, in April 2017 and then Peterborough business, PEME, also in 2017. The acquisitions of Jex and Peak took place in 2019.