Profits boost for Malcolm Group

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The Malcolm Group has reported a 5.4 per cent rise in trading profit to £5.9m for is last financial year while sales were up 11.7 per cent to £190.3m.

It has also agreed a £23m funding package with Barclays as part of a wider £50m refinancing deal.

The package is designed to provide the group with funds to develop and grow the business over the next five years.

Malcolm, which is based in Linwood on the western side of Glasgow, is one of Scotland’s largest logistics companies with services covering road and rail transport, warehousing, waste management and construction services across the UK.

W H Malcolm, the group’s  largest division, saw trading profit rise 3.6 per cent to £5.8m while turnover was up 11.8 per cent to £172.6m.

Chief executive Andrew Malcolm said: “The Barclays’ team made a real effort to understand the core dynamics of our business and have not only delivered a financing solution that meets our needs but have invested significant time and effort in building a strong relationship with us, something that we value highly.

“Going into 2012, activity levels in both the Logistics and Construction Services/Waste Management divisions in the first six months are ahead of the same period in 2011 which augurs well for the full year.”

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