NSG reports market-beating results
Deeside-based scaffolding and industrial services firm NSG UK, part of French group Altrad, says sales reached £26m in the 16 months to September 2011.
NSG employs 320 workers at various bases across the UK, including Liverpool, Runcorn, Barrow, Speke, and Northwich.
The company was founded as Cheshire Scaffold Company in 1971 and later changed its name to Northern Scaffold Group. The business has changed hands several times over the years and been owned variously by management and twice by German groups. Management sold the business to Altrad in June 2011.
Diversification into off-shore energy, social housing and oil and gas markets have paid off, with turnover growing 20% year-on-year and the business in profit, NSG claims, although detailed figures were not available at Companies House.
NSG UK provides scaffolding, thermal insulation, painting and jet-washing to clients including Eli Lilly, Ineos Chlor, Centrica, Cammell Laird and Tata Steel as well as construction firms Laing O'Rourke, Merepark, Downing Construction and Balfour Beatty.
Mike Carr, managing director of NSG UK, said: "The performance in the last financial period is a result of the hard work and dedication of everyone at NSG UK and rounds off a successful period for the company. This has included the completion of a number of specialist construction and maintenance projects, growth in areas such as off-shore work and rope access, the milestone of one million working hours with no lost time incident and the sale of the company to the Altrad Group. We have also expanded further into social housing, marine, oil and gas and nuclear sectors.
"The first quarter results of NSG UK's new financial year maintains the trend, as we continue to win new business – including a three-year maintenance contract with Tata Chemicals Europe – and increase our services portfolio with existing clients, offering scaffolding erection and maintenance, all painting services, high pressure water jetting, cleaning, thermal insulation and asbestos removal.
"We are looking forward to 2012 and the opportunities that this will provide."
