Edwin James to create new jobs as its order book grows

The asset engineering group has reported that during the last financial year, sales fell by 11 % because of the pandemic while profits organized well.

However, carrying out a group of contract wins, the business is announcing an archive order book more than £500 million and says that it’ll create over 100 jobs on the next 2 yrs.

The business enterprise also reports that the impact of the pandemic saw turnover fall 11 % to £136 million and its own EBITDA margin supporting well at 5.3 %.

The relatively strong EBITDA performance was delivered regardless of the operational restrictions imposed by the Covid-19 pandemic, which demonstrated the resilient nature of the continuing business.

Cash performance was strong by the end of the financial year, a continued concentrate on improving working capital management processes led to improved cash balances and robust cash-backed profits.

Edwin James Group says some strategic acquisitions and continuing organic growth has “created a diverse business that’s well-placed to navigate shocks to the economy” . The business offers a complete selection of asset care now, renewal, automation and control services, within the full life cycle of critical facilities and production assets.

Commenting on the outcomes, Derek Smith, CEO of Edwin James Group, said: “The group responded quickly to the pandemic and put the safety of its employees, and the ones of our clients, and wider community first. As the strict and long lockdowns created operational challenges, the business could support customers and their business-critical assets that range between food manufacturing to utility and defence sectors, by developing new protocols and processes to guarantee the safety of everyone.

“We emerge out of this unprecedented period who is fit. We’ve a talented and experienced team that people are continuing to build up with new investment in training via our EJ Academy. Our order book has been stronger, and much more of our customers are employing a wider selection of services.”

The business refined its operating brands through the year with a concentrate on Parker Technical Services, Musk Process Services and Peak Technology Solutions. Investment was manufactured in an expanded Academy programme to aid working out and retraining of existing staff and help attract talent. Through the year investment in addition has been manufactured in the leadership team, year with further strengthening of the team planned on the coming. Developing another generation is still important, with 165 apprentices utilized by the continuing business.

Smith added: “Implementation of an obvious and established strategy is likely to deliver an evergrowing customer base and revenue. With the support of a committed workforce, this can produce growth opportunities for several staff, and we turn to the future confidently forward.”

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