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Challenging year but record growth forecast for The Metnor Group

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Consolidated accounts released today by The Metnor Group show a reduction in turnover for 2020 due to the pandemic but record growth is forecast thanks to a strong order pipeline and prestigious new contracts. Based in Newcastle, The Metnor Group comprises three main trading divisions which operate in the construction, mechanical and electrical services and pressure testing sectors. Each division is a specialist in its own field and this individual expertise combined with the strength of the Group’s resources enables the company to deliver first class products and services to their customers and clients. Like many other firms in the construction industry, the effect of COVID-19 has been seen across the Group. The impact of site closures – as provisions were made to operate safely and within Government guidelines – together with additional costs as sites were re-mobilised at reduced capacity, has resulted in both decreased turnover and margins.  Turnover achieved in 2019 was £92 million whilst it was £68 million in 2020 and gross profit has been squeezed from 8.5% to 5.7%. Chris Cant, CEO of Metnor Group said: “2020 was undoubtedly a very challenging year for the Metnor Group. The pandemic threw a number of challenges at us,…

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Norstead sets sights on record revenue as it celebrates 50th anniversary

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Norstead, part of the Newcastle based Metnor Group, is celebrating being well on their way to record revenues and prestigious new client wins as it celebrates its 50th anniversary. Norstead was established in 1971 and specialises in the design and installation of mechanical and electrical services in a number of commercial and industrial sectors. Part of the Metnor Group, the firm has the experience and financial stability to carry out multiple contracts with a typical individual project value of up to £30 million.  Despite the challenges of the pandemic yielding tough results, turnover for Norstead is forecast to reach £40m in 2022, expanding from a turnover of £23.5m in 2019. They have recently relocated into Metnor House, in Newcastle upon Tyne as part of their collaboration with sister company Metnor Construction, with another office in Maidenhead, Norstead lists some of the UK’s best-known companies as clients. The firm plans to secure new offices in Maidenhead later this year and create up to 10 new roles to support its ambitious expansion plans and bolster their engineering and commercial teams. Recently completed and current projects in the pipeline include the development of the White Room at the British Museum, the critical care…

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Drayton Group eyes up UK and international expansion as it celebrates its 10th anniversary with plans to open new offices

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Newcastle based recruitment group, Drayton, is celebrating its 10th anniversary with plans to open new UK offices and has recruited a number of new hires due to increased demand. The firm is also eyeing up expansion in overseas markets. Drayton was established in 2010 by Rob Seery and Ian Pickett and specialises in bespoke recruitment solutions for industry categories including Food & Drink, Apparel & Footwear, Beauty, Leisure, Homewares and Retail. With a catalogue of well-known brands on their client list, they include amongst others, Amazon, Birds Eye, Helly Hanson, Ginsters, Birkenstock, Greggs, Quorn, and The Lakes Distillery. Now 10 years on, Drayton has grown consistently, assisted in 2018 by the launch of a subsidiary business, Alexander Steele, based in Edinburgh. The group now employs 20 people and has offices in London, Edinburgh and Newcastle. Their new Manchester office opens in June. By 2025 Drayton aspires to be a 50 person business. The majority of Drayton’s business has always been in the UK, but now over a third is international. This success will likely lead to future office expansion in North America or Europe. The original Drayton business delivers Board level appointments. Alexander Steele, led by Managing Director Richard Steele,…

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Salvalco celebrate Eco-Valve product launch in Europe with Rossmann

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It’s been an incredibly busy few months for Salvalco with the launch of their new and highly innovative Eco-Valve technology across the global aerosol market. And with engagement and interest in the valve continuing to grow, the team are delighted to be able to share some very exciting news that sees the first product reference of the valve on the market and hitting retail shelves. As from April 2021, Eco-Valve technology has been adopted for use by major European brand Rossmann to be used within their own brand deodorant ‘Alterra’ and to support the product’s launch. Rossmann are the first major brand in Europe to take advantage of Eco-Valve’s innovative technology which uses environmentally friendly nitrogen propellant. And now officially on the shelves, the deodorant is being enjoyed by their many customers across the world. As one of the largest drug store chains in Europe, Rossmann operate in Germany, Poland, Hungary, the Czech Republic, Albania, Kosovo, Spain and Turkey with over 4000 stores and a £10 billion turnover. The company were keen to utilise the benefits of the Eco-Valve technology to  respond to the rising demand from their customers for more sustainable aerosol solutions to support a healthier lifestyle.  The…

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Double director promotion announced at Metnor Group’s Norstead division 

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Norstead, part of the Newcastle based Metnor Group, is delighted to announce the promotion of Dan Hopkins to Operations Director and Jonathan Grant to Commercial Director. These key promotions support Norstead’s ambitious plans for growth, demonstrating its commitment to investing in talent and expanding the business on the back of a number of new client wins. The firm has also recently welcomed three new recruits to bolster their operational and commercial teams. Norstead was established in 1971 and specialises in the design and installation of mechanical and electrical services in a number of commercial and industrial sectors. Part of the Metnor Group, the firm has the experience and financial stability to carry out multiple contracts with a typical individual project value of up to £30 million.  Despite the challenges of the pandemic, turnover for Norstead is forecast to reach £40m in 2022. Based at Balliol Park in Newcastle upon Tyne, with another office in Maidenhead, Norstead lists some of the UK’s best known companies as clients. Recently completed and current projects in the pipeline include the development of the White Wing at the British Museum, the critical care unit at Chelsea and Westminster hospital and a new Emergency Department at Darent Valley hospital. Other projects include an exclusive residential development on Oxford Street in London, a new Hyatt hotel…

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