The Courier & Advertiser (Fife Edition)
Purchase of Dundee recycling site fuels growth
NWH GROUP: Purchased DJ Laing’s waste recycling operation in Dundee in 2015.
The acquisition of DJ Laing’s waste recycling operation in Dundee has helped to fuel growth at industrial and environmental services business NWH Group, which has posted a record turnover.
The company, which celebrates its 50th anniversary this year, has reported a 23% growth in revenues to £25.5 million at its year end 2016.
Profits more than doubled from £883,000 to £2m over the period.
Another large increase in revenue is expected this year with the Dalkeith-based business stating it is on track to deliver £31m of sales.
The company said that its growth had been achieved through a mix of organic growth and acquisitions in line with the company’s strategy to expand into new geographical locations and diversify its range of services.
A key part of this plan was the acquisition of DJ Laing’s waste recycling operation, which was announced in September 2015.
The staff at the site were retained and the Gourdie operation continued to carry the DJ Laing Waste Management name and concentrate on waste recycling.
DJ Laing’s Petterden site for inert and wood processing initially remained under the ownership of DJ Laing Recycling Solutions, but this was also acquired by NWH this year.
Employee numbers at NWH Group rose from 211 at year end 2015 to 240 at year end 2016.
The group, which also has a footprint in Kirkcaldy, employs 310 staff.
Mark Williams, managing director at NWH Group, said: “We’re delighted to report such positive figures which are testament to our business strategy and our team’s continuing hard work, dedication and commitment to excellent customer service.
“As our business continues to diversify and mature, we look forward to the next 50 years, and continuing to bring innovative ideas to the market.”
This year NWH launched a driver academy which aims to help tackle the industry-wide HGV driver shortage and appointed non-exec John McCormick to the role of chairman.
NWH Group also recently join London Stock Exchange Group’s international business support and capital raising ecosystem ELITE which is a programme of structured engagement to develop and support ambitious and high quality private companies through their next stage of growth.
NWH Group is a second generation family-run business, with managing director Mark Williamson having taken over the reins from his father, David.