Leisure contractor celebrates record financial year
Leisure contractor Medlock FRB is celebrating a record year which saw revenues soar 47%.
Medlock’s turnover in the year to December 2017 was £39.3 million, up from £26.8 million in the previous 12 months.
The construction and fit-out firm strengthened its customer base with new clients including Reel Cinemas, Hickory’s Smokehouse, indoor golf operator Adventure Leisure and Mosaic Spa & Health Clubs.
Medlock also enjoyed strong repeat business with major customers such as Premier Inn, Greene King, Mitchells & Butlers and JD Wetherspoon, as well as regional brewers and pub operators Joseph Holt, JW Lees and Hydes Brewery.
The company also benefited from winning projects in the year for Manchester Dogs’ Home, MAD Developments and Formby Hall golf resort and spa.
Medlock, which has its headquarters in Oldham and operates nationwide, is on track for another successful year.
Major contracts completed in the first four months of 2018 include refurbishment projects at Butlins Skegness, a new-build Farmhouse Inn in Ellesmere Port and a new Miller & Carter restaurant in Gosforth, Newcastle upon Tyne.
Finance director Colin Drury said: “We are extremely pleased to report that the company has, for the sixth year in a row, achieved an increase in sales.
“Repeat business with our major customers has been a tremendous success, accounting for 74% of the sales total, while our customer base has been strengthened with the addition of further premium brands.
“We have made a significant investment in key staff engaged in the project delivery process and will continue to invest in our people in 2018.
“Retaining the best people and developing and investing in them is key to our continued success and we sincerely thank them for their commitment and passion.
“Although we have had an excellent year we will continue to work hard to drive value whilst trying to consistently exceed our customer expectations in terms of service and quality.”