Positive growth for Morson Group with adjusted pre-tax profits up by 22% in 2014

author profile picture

by on

Morson Group (Morson) has announced positive growth, including adjusted pre-tax profits of £16.3 million – a 22% rise on its 2013 figures – in its annual financial report.

The Manchester-based recruitment and engineering company included in its 2014 business achievements the integration of Vital Human Resources, following acquisition of this business in November 2013. Morson International was also named both the UK’s No.1 Technical and Rail Recruiter* in 2014, and saw its contractor numbers rise to 13,500.

Financial highlights for the Group are as follows:

  •  Group revenues up by 8% to £706.1 million (2013: £653.5 million)
  •  Group net fee income (gross profit) up 21.6% to £60.0 million (2013: £49.3 million)
  •  EBITDA & exceptionals up 22.1% to £18.1m (2013: £14.8m)**
  •  Adjusted profit before tax up 22% to £16.3 million (2013: £13.4 million)***
  •  Profit before tax up 25.9% to £16.6 million (2013: £13.2 million)

Morson Group CEO, Ged Mason, stated: “Our businesses have performed well. We have supported and invested in the service delivery over recent years and the resilience and ability to gain from market improvement this offers us is significant.”

Morson Group Non-Executive Chairman, Kevin Philbin, commented: “I am pleased to report that 2014 was a good year for Morson Group; 2015 presents challenges, however we expect engineering talent to be in demand and that our core markets will attract major investments in infrastructure over the coming years, generating significant opportunities.”

 

*As recognised by Recruitment International’s Top 250 Report 2014

**Being operating profit before amortisation of £730,000 (2013: £573,000), exceptional income £341,000 (2013: exceptional costs £212,000), and depreciation of £416,000 (2013: £274,000)

***Before amortisation of £730,000 (2013: £573,000), exceptional income £341,000 (2013: exceptional costs £212,000), fair value loss regarding the derivative financial instruments £18,000 (2013: fair value gain £155,000) and research and development expenditure credit £737,000 (2013: £480,000)

 


Cx Jobs

Principal Design Engineer

Managing, organising, and ensuring efficient execution of design and support projects for the repair, development and use of Babcock products, throughout their lifecycle. Acting as delegated Design Authority for engineering aspects of Babcock Integrated Technology Design Services products in accordance with Company Procedures and Processes. Principal Tasks and Responsibilities Post Holders principle tasks and responsibilities are: Design Function * Managing design work in appropriate engineering disciplines. * Executing duties in accordance with Company procedures for training, health and safety, personnel, quality and project requirements. * Reviewing existing Company procedures and Project controls and identify new controls to provide improved quality assurance, and improved cost against deliverables. * Acting as Design Authority for engineering aspects of Babcock products. * Authorising design documentation as required. * Chairmanship of Design Reviews (of appropriate Categorisation) to identify best technical solution to fulfil Project objectives. * Representing Group and/or Department as required. * Managing design projects in accordance with Company Procedures. * Managing work to time, cost and quality. * Providing professional engineering support to surface ship, submarine, commercial and equipment projects. * Providing business development support across Babcock Design & Technology. * Performance and management of system requirements, concept design and modelling. * Ability to manage a team to interpret a design requirement and create a design solution. * Acting as Independent Technical Assessor and performing Inter Department Checks, Concession Analysis, and the like. * Preparation of Project and Department Plans and Tracking and Forecasting, Assistance in Preparation of Bids in related subjects, * Recruitment and Management of staff at all appropriate levels. * To behave at all times in a manner commensurate with that of a professional engineer. * Manage staff as required in accordance with company and HR policies and procedures. Bidding * Managing design teams involved in the preparation of technical aspects commercial tenders. * Managing preparation of Technical Reviews in support of tender responses requiring design input. Project * Acting as Design Manager responsible to Project Manager for Projects. * Management of technical aspects of selecting sub-contractors and/or suppliers. * Management of technical aspects of work carried out by sub-contractors and/or suppliers. * Liaising with Project to resolve Project issues. * Liaising with Production to resolve manufacturing problems. Business * To actively seek and win work for the appropriate Discipline. Interfacing Responsibilities * Business Stream Directors and their Business Development Managers providing SQEP resource where possible. * Appropriate Project Managers: for budgets, timescale and priorities. * Design subcontractors: to ensure compliance with the Design Intent. * Project and Production Teams: to resolve technical queries. * Directly responsible to other PDEs or the Senior Operations Manager Authority Post Holder is authorised to: * Manage the preparation, checking and authorising of design documentation. * Represent the Babcock Design Authority when requested to do so. Qualifications and Experience Requirements Academic: It is preferable that the post-holder has a minimum of a second class honours degree or comparable academic standard, in an appropriate discipline and should hold Chartered Engineer status via an appropriate Institution. However, personnel with extensive and relevant experience may be considered suitable. Experience: Demonstrable evidence of having worked in the field of the appropriate Discipline design, analysis and technical management at an appropriate level.

Industrial Manufacturing Engineer

Our Bolton Client has a requirement for a Industrial Manufacturing Engineer to undertake the below contract role. Role responsibilities Manage the performance of the supply base to ensure that they deliver product to time, quality and cost. * Support the Industrial Manager in the implementation of the Industrial Validation Plans within the Supply Base to ensure that robust and comprehensive technical and manufacturing solutions are available * Carry out Product Assessments to ensure that the industrial requirements are met and producibility objectives are achieved * Support the Industrial Manager in production readiness reviews within the supply base ensuring appropriate levels of manufacturing, inspection and test readiness. where gaps are identified ensure that the appropriate improvement plans are put into place o Initiate product containment action planning as appropriate * Ensure that during the product development phase, non-conformances are managed to closure with effective remedial and corrective actions, for commodity suppliers only. During the production phase, non-conformances are managed to closure with effective remedial and corrective actions for MEP and commodity suppliers * Support to the manufacturing integrated production teams and defect review boards or project meetings, taking responsibility for the timely resolution of any supplier issues associated with programme, quality and cost * Responsible for the setting of the goods inwards inspection criteria in sap using the inspection planning and inspection methods functionality * Responsible for undertaking product verification activity at the supplier prior to product delivery in accordance with the needs of the project (i.e the industrial manager & product assurance manager) * Responsible for ensuring product specific manufacturing system delivery requirements are met by suppliers and any corrective actions are in place * Interface management with ISP (Industrial Policy, Global Supply Chain & Procurement), Programmes Quality, Operations Quality and Design Role requirements (skills, training and qualifications) * Ideally qualified to HNC, HND or equivalent, plus substantial relevant experience * In depth knowledge of manufacturing processes * A good level of understanding of machining processes * A good understanding of Project Management and Supply Chain principles, practices and processes * Can define, re-engineer and review processes * Good commercial and financial understanding * Negotiating and influencing skills * Good communication skills able to communicate verbally and in writing Due to the impending IR35 changes this role will be PAYE or Umbrella

Rail Apprenticeship - London

RAIL APPRENTICESHIP OPPORTUNITIES NOW AVAILABLELondon (Canning Town area) Are you looking a career in Rail Engineering ?Live near Canning Town, London ?Do you have GCSE Grades between 3-9 (D or above) in Maths & English ? Earn while you learn (starting on standard national apprenticeship wage).Onsite learning of various elements of the UK rail infrastructure.The chance to be part of an ever growing industry and gaining skills that can set you up for life enhance your future employment and earning potential.Work towards a nationally recognised qualification.Working for 30 hours per week for 12-18 months (under the Apprenticeship)To apply, send your CV (and include copies of your Maths & English qualifications where appropriate)

Assembly Operator

We are currently recruiting for Production colleagues to join our client's world class facility in West Yorkshire on a permanent basis. The successful candidate will be working Monday to Fridays with no weekend work involved. Full training will be provided and this role could particularly suit someone with a keen interest in DIY, looking to work in a professional environment with a stable, reputable company. This is a unique opportunity to join a business where you will learn and develop new skills in modern methods of construction, whilst having lots of opportunity for career progression. Duties Include:- Working with power tools / basic hand tools- Taping / joining units- Assembly tasks- General housekeeping Skills Required: - Minimum 1 year DIY or Labouring skills- Ability to work well as part of a Team- Strong work ethic Please note the consultant looking after this position is Tahanee Twist

Austin Distel Va Opp86kf Q Unsplash

Advertisement