SC Group reports turnover growth

Posted on 19 May 2017 and read 218 times
SC Group reports turnover growthHoniton-based SC Group (scgroup-global.com) has seen its turnover rise to £43.1 million — thanks to an order from the Australian government for 89 of its HMT Extenda vehicles — and pre-tax profits of £5.9 million follow a loss of £66,152 the year before.

Chief executive Nick Ames said that the business is continuing to diversify in the wake of “challenging times” for the defence sector.

He added: “The growth was substantially down to the Australian contract. It is our mission to try to balance the business with a strong underlying base and pick up larger orders when they arise.

“I feel we are exposed to a very open domestic market with very few constraints. However, we find when we export that we are required to spend a percentage of the contract value in the country we are exporting to.

“As a result, we have to develop supply chains; that adds risk, time and cost. Margins are challenged, and that means we are not able to invest.”

Be seen in all the right places!

Subcon 2017 MTA Vietnam 2017 IMTOS (India Machinne Tools Show) 2017 Northern Manufacturing 2017 Midest 2017 MTA Hanoi 2017 MATOF 2017 - Korea Int'l Manufacturing Technology Advanced Engineering UK 2017 Metalex 2017 EUROTOOL 2017 Engimach 2017 Machine Tool Indonesia 2017 MACH 2018