Construction company Merit Holdings is celebrating an “outstanding” year in which profits more than doubled on soaring turnover.
The Cramlington firm, which employs around 117 people, has built up a reputation for working on complex, high-tech contracts across a range of sectors including healthcare, pharmaceutical, energy, manufacturing, retail, commercial and nuclear.
The specialist engineering and constuction firm – the winning Company of the Year at last year’s North East Business Awards – has now posted accounts for the year ended March 31 2018 citing huge growth on the back of major contract wins.
Contracts include a highly specialised contract to construct three laboratory units for the British Antarctic Survey (BAS) on its research vessel, the RRS Sir David Attenborough, the ship the public voted to be called Boaty McBoatface.
Other high profile contracts have been carried out at the likes of the Royal Albert Hall, Harrods, Westfield Shopping Centre and Diamond Light Source, the synchrotron construction project at the Rutherford Appleton Laboratory at Harwell.
Turnover jumped by 49% to £47.4m, delivering pre-tax of £2.94m – more than double the previous year’s £1.11m.
View the full article at The Chronicle