Cardiff-headquartered MSS Group, which operates environmental, facilities management and compliance contracts across the UK, has reported record growth in full-year profit and turnover across the group.
For the year to 31 March 2020, the company returned a gross profit of 34 per cent with a record pre-tax profit of £5.2m, the results were further boosted by an 89 per cent increase in annual turnover on the previous year, from £15m to £28.5m.
MSS' growth was highlighted in Insider Media's latest Top 300 companies list, where MSS ranked at number 142, putting the group as one of the eight highest new entries in the 2020 ranking.
MSS Group chief executive Bill Mayne said: "We are delighted to have not only achieved, but to have exceeded the objectives set out in last year's corporate plan. It is very satisfying to report record growth across the board in profit, turnover and margin. These results are a testament to our talented and dedicated teams of people and the strong relationships we have built with our valued customers."
The business operates a range of services including industrial and commercial cleaning, waste management, asbestos removal, water treatment, security services and more. The group works primarily with large manufacturing companies, major construction companies and public sector bodies, including many blue-chip organisations.
This year the group has won several new clients, which has created opportunities for the business across the UK with about 35 per cent of the business now conducted outside of Wales.
MSS, which is a winner of the Investors in People Gold Award, continues to strengthen its management team and it has made a number of key appointments both externally and from within.
The importance of a motivated and skilled workforce has been highlighted by the Covid-19 pandemic. More than 95 per cent of MSS staff have been defined as key workers, such is the nature of the contracts the group works on.
Mayne added: "All of our group businesses work in highly regulated environments, which has caused us to continually raise the bar in the way we deliver projects and manage risks. Our activities are essential, and with so many of our people being designated key workers, we have been able to increase our staff numbers during a difficult period for many businesses."
MSS also supports several local charities and is a member of Business in the Community. The company set out a commitment to being carbon neutral by March 2021, a target it remains on course to achieve.