Construction recruiter the Morson Group has reported a record turnover of £867m, and the group says it is now on track for further growth during its 50th year in business.
Group revenues increased by 6.5% to the end of December 2018 thanks primarily, it says, to continued organic growth in core sectors and subsidiary companies, whilst infilling and expanding into complementary and additional marketplaces.
Growth was spearheaded by three strategic acquisitions made during 2018, which saw the group acquire Canadian and USA-based recruiter, Strategic Infusion Inc. and UK-based companies, Anderselite Holdings Ltd and Waldeck Holdings Ltd.
Ged Mason, Morson Group CEO, said: “Growing a successful business is about people and our staff really are the backbone of the group. Having a team that’s committed to delivering great service day in, day out, is a major part of our company culture and I’m proud of every member of the Morson family for committing their time and support, and making our group of businesses exceptional places to work.
“Looking back at where Morson came from, it’s incredible to think that my father set up the business 50 years ago from under the staircase in our family home. What’s even more inspiring is that we have the potential to take the Morson Group to new heights and as an entrepreneurial business rooted in family values, we’re focused in delivering excellence to our clients and candidates, whilst maintaining working environments that attract and retain great people who thrive.
“Our continued focus on high quality staffing solutions as well as successful sector diversification, both in terms of our geographical footprint and products offered, will take us towards our goal of reaching a £1bn group turnover,” he said.