Maxi Caledonian reports turnover and profit increase

Maxi Caledonian reports turnover and profit increase

Maxi Caledonian Ltd, the ultimate holding company of Maxi Haulage Ltd, Maxi Construction Ltd and Maxi Warehousing Ltd, has published its 2021 financial results, reporting an increase in turnover and profit.

In the September 2021 accounts, the group revealed turnover returned to more than £80 million and a profit of £4m.

The group said: “We have retained all major business and developed some new business relationships. The mitigation of Brexit issues and driver shortages by Maxi Haulage and less COVID-19 disruption to Maxi Construction’s activities have resulted in these improved financial results. We invested less in our fleet replacement and enlargement due to industry shortages but continued to purchase as stock became available.

“Thanks go to all our loyal staff, subcontractors and suppliers for their commitment during unprecedented working conditions and we sincerely thank all our customers and clients for their business and support.

“Our successful performance has continued into the next period. However, careful management of the continuing challenges presented by the Covid-19 pandemic, heavy increases in construction material costs coupled with shortages, huge fuel cost increases and possible major supply issues is required in order to minimise their effect on turnover and profitability.

“The group continues to trade with a very strong Balance sheet with no borrowings and large financial reserves, allowing us to make all required investments from our own funds.”

Share icon
Share this article: