The Courier & Advertiser (Fife Edition)
Rise in profits gives shine to windows producer
CMS Window Systems invested £500,000 in Fife factory
CMS Window Systems — which has a major door manufacturing site in Fife — has seen its profits rise by more than a third.
The Cumbernauld-based firm opened the 8,500 square foot factory in Kirkcaldy last month after an investment of £500,000.
The Hayfield Industrial Estate site is capable of producing around 200 PVCu door sets a week and longer term will produce composite doors and fire doors.
The firm, which employs about 250 people, designs, manufactures and installs PVC and aluminium windows, doors and curtain walling for residential, public sector and commercial buildings,
CMS has announced its turnover had topped £36 million in the year to March. Earnings before interest, taxes, depreciation and amortisation increased from just over £3m to £4.1m.
Chief executive David Ritchie said the firm was in good health.
He said: “On the back of an excellent year in 2016-17, the business has gone from strength to strength and is meeting all our strategic and financial targets.
“The future is looking extremely positive too, with a record order book valued at £65m over the next three years providing job security and excellent opportunities for our local and national supply chain partners.
“This includes our largest single contract valued at £10m to manufacture and supply windows, doors and curtain walling for the prestigious Atlantic Square development in Glasgow.
“We’re delighted with these latest results which reflect the remarkable effort and dedication of the whole team as well as a successful business strategy based around environmental, social and economic sustainability.”
CMS has been backed by mid-market private equity investor LDC since May 2016, when it secured a significant minority investment to further support the business’ expansion across Scotland and England.
Mr Ritchie said the firm planned to continue to invest heavily. He added: “With a solid operating platform already in place, we have invested heavily during the last year in our PVC factory capabilities at our Castlecary base near Cumbernauld, to enhance production capacity in preparation for the next phase of planned growth.
“This is continuing into 2018-19 too, with a new door factory in Fife already opened during quarter one and plans to invest in our aluminium factory capacity as well as a new trade manufacturing facility.”