The group behind clean technology building specialists Merit Merrell has significantly grown operating profits to £879,453.
Cramlington-based Merit Holdings Limited, which owns Merit Process Engineering Limited, Merit Merrell Technology and Merit Specialist Services Limited, has grown operating profits by more than five times and expects the trajectory to continue into 2015.
Operating profits at the group grew from £175,030, in the 18 months to March 31, 2013 to £879,453 in the 12 months to March 31, 2014, thanks in part to a reduced tax burden.
Over the same period turnover fell from £38.4m to £31.6m.
Directors of the group, which employs nearly 100 staff, expect further growth in sales and profitability into next year.
Northumberland Business Park-based Merit Merrell specialises in the design and construction of clean technology facilities, such as laboratories and water treatment facilities.
The firm also undertakes off-site modular and pre-fabrication projects and process pipe work installations.
In 2013 Merit Merrell was involved in the construction of Halley VI – the first British Research base to be built in the Antarctic for 25 years.
German outfit Plastic Logic also enlisted Merit Merrell’s expertise to design and construct a plastic electronics manufacturing facility.
Closer to home, the firm has also completed contracts at Westfield White City, the largest shopping centre in London, and at Akzo Nobel’s the paint production plant in Ashington.
A statement within the group’s strategic report said: “The group continues to trade within markets of cleanroom design and build, process pipe work installations and mechanical and electrical engineering and bespoke civil construction projects.
“Although the economy in general suffered a downturn, sales have grown and this has enabled the company to maintain a healthy profit in 2014.
“This performance is expected to continue through 2015, with sales to existing clients and tender success contributing to what the directors anticipate will be further improved sales levels and profitability.
“Tender success and external markets will continue to influence the business but the directors are confident of the future success of the business.”