The Courier & Advertiser (Perth and Perthshire Edition)
Scottish construction group builds its sales
Group has won several contracts for Tayside projects
Family-owned Ogilvie Group recorded a 25% jump in sales last year as it embarked on a number of construction projects in Tayside.
The Stirling-based group has five divisions comprising its major construction unit, homebuilding arm, fleet car and van hire operation, net defence business and its geomatics survey subsidiary.
The group as a whole generated revenues of £274.4 million in the year to June 30, an increase from £219.8m a year earlier.
Pre-tax profit in the group, which employs more than 500 staff, rose from £4.5m to £5.3m.
During the financial year the firm was awarded a £4m housing project to build 40 new homes in Eliza Street, Dundee, for Hillcrest Housing Association.
Perth and Kinross Council appointed Ogilvie to build a new collection store as part of a £10m investment into their art galleries.
Ogilvie also constructed a large twostorey extension to the golf links centre at Carnoustie.
In his strategic report to the accounts, company secretary John Watson said the construction side to the business had enjoyed “another excellent year” in which it had delivered several technically challenging projects while also growing revenue and pipeline.
He said: “The company is well placed for the future with strong order books and a pipeline of opportunities that is durable in both volume and quality.”
Mr Watson said Ogilvie Homes, which has developments at Carnoustie and Kingsbarns, had seen “steady and sustainable growth” during the year.
He added: “Trading conditions are improving with less dependence on substantial incentives, although the Government Help to Buy continues to be popular but there are concerns over the political uncertainties both regionally and nationally.”
Ogilvie Fleet grew its number of vehicles by more than 10% to 16,100 while the net defence business completed a transformation project.
During the year Ogilvie Geomatics expanded following the acquisition of Malcolm Hughes Land Surveyors. The company now trades under the name of Malcolm Hughes.
Well placed for the future with strong order books and a pipeline that is durable in both volume and quality.
JOHN WATSON OGILVIE GROUP