Cam­bus­lang firm one of fastest grow­ing in coun­try

Prof­its up 75 per cent

Rutherglen Reformer - - Annuel Increase - Edel Ke­nealy

A Cam­bus­lang busi­ness has been named one of the fastest grow­ing in the coun­try af­ter re­port­ing an an­nual in­crease in prof­its of more than 75 per cent.

AB2000 Limited, based on West­burn Road, has been named in the an­nual Sun­day Times BDO Profit Track 100 league ta­ble which ranks Bri­tain’s pri­vate com­pa­nies with the fastest-grow­ing prof­its over three years.

The plant hire com­pany, which re­ported prof­its of £4.1mil­lion in 2016, has been named in the top eight fastest grow­ing com­pa­nies in Scot­land and 59th in the UK.

An­nual in­vest­ment in new equip­ment of £10m has helped win busi­ness and boost prof­its.

Jim Hous­toun, CEO of AB2000 said: “The com­pany’s turnover, profit, and op­er­at­ing mar­gins have grown steadily since 2013 fol­low­ing the eco­nomic down­turn and con­tinue to in­crease in the cur­rent fi­nan­cial year as a re­sult of ex­pan­sion and in­vest­ment in the plant and equip­ment avail­able for hire.”

AB2000 Limited to­day op­er­ates five trad­ing di­vi­sions from three sites in­clud­ing its head­quar­ters and work­shop in Cam­bus­lang, Nairn and Aberdeen.

The trad­ing di­vi­sions in­clude El­lon Plant Hire Limited, Phoenix Weights and Phoenix Marine, which are trad­ing sub­sidiaries of AB2000.

Jim added: “AB2000 an­nu­ally in­vests over £10m in buy­ing new equip­ment to ex­tend their range of plant to re­place equip­ment. This has been es­sen­tial in achiev­ing the growth and devel­op­ment of the busi­ness.

“In its present for­mat AB2000 is ca­pa­ble of fur­ther in­creas­ing its turnover, profit mar­gins and prof­its over the two/three-year pe­riod to 2018.”

Adam Bruce, man­ag­ing di­rec­tor of AB2000, founded the com­pany in 1995.

In 2014 AB2000 was awarded Scot­tish Busi­ness Insider’s fastest grow­ing SME award and was ranked in 2015 as the sec­ond most suc­cess­ful SME in Scot­land.

Suc­cess Staff at the AB2000 head­quar­ters in Cam­bus­lang

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.