Consolidated accounts released today by the Metnor Group show continued growth and a significant bounce-back from the COVID pandemic. With turnover for the Group reaching £81 million in 2021. 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. The Group achieved turnover of £81 million, compared to £68 million in 2020 with gross profit margins improving from 5.0% to 9.9%. The cost-saving initiatives introduced in 2020 having had a positive impact for the business with workforce numbers being maintained throughout the period. The Group’s focus on cash management has continued throughout and whilst some unwinding of the 2020 year-end balance of £7.8 million has occurred, the 2021 consolidated cash balance was £4.2 million. A number of contract wins for both 2022 and 2023, also further support the Metnor Group’s future ambitions. Chris Cant, CEO of the Metnor Group said: “Despite a challenging…

