UK technical services company Edwin James Group has reported strong revenue growth in its fiscal year 2020 results.
According to the company's most recent report, revenue increased by 15 per cent to £153 million during the most recent 12-month period resulting in a 28 per cent annual increase in EBITDA.
The group reports it continued to experience organic growth across all operations and the recent acquisitions of Jex Process Services and Peak Technology Solutions, which support the expansion of its process services business.
Derek Smith, CEO, comments: "We are harnessing the expertise of our people and the benefits of our technology solutions to provide our customers with unparalleled service to help them manage assets through the full lifecycle.
It’s an approach that is driving revenue growth across the business.
"We continue to be open to acquisitions that can add value to our customer offering by enhancing our capabilities in key sectors.
This year’s results are a robust platform for continued growth.
"While the last seven months have proved a challenging environment for all businesses to operate in we have continued to trade robustly and we are well placed to return to growth in 2021.
The synergies between our businesses continue to enhance value for clients, which is supporting organic revenue growth."
The engineering services business which employs 1,100 people and maintains head offices in Glasgow as well as Burton-on-Trent has also increased investment in its own Academy which supports lifelong learning at every stage of an employee’s career and provides training for 100 apprentices who form part of an expanding apprenticeship and graduate programme.
Edwin James Group was founded by investment firm, Aliter Capital, which initially acquired Ingen Technical Services followed by Scottish business Korrie, the Burton-based WT Parker Group, Peterborough business PEME and the acquisitions of Jex and Peak last year.
