Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Financial Services

MBH Corporation reports strong growth for UK construction subsidiaries

"Our UK-based construction services companies are of great importance to our total revenue, so it is very encouraging to see them doing so well after an especially tough 2020," said group CEO Callum Laing

MBH Corporation PLC (OTCQX:MBHCF, ETR:M8H), the diversified investment holding company, said its four UK-based construction companies have reported growth above pre-pandemic levels.

The four companies -- Du Boulay, Guildprime, Gaysha, and GS Contracts -- reported an increase in combined revenue of roughly 60% for 2021 over 2020.

This is upward of 30% over 2019, MBH said.

Completed numerous projects in 2021 include a new £4mln fit-out of the new Sancroft Building in Paternoster Square in the City of London by Guildprime Specialist Contracts.

Collectively employing around 107 staff currently, MBH said its UK-based construction companies plan to increase this headcount over the coming year as they continue to take on projects across both commercial and residential markets.

Callum Laing, chief executive of MBH, said: "Our UK-based construction services companies are of great importance to our total revenue, so it is very encouraging to see them doing so well after an especially tough 2020.

“The UK construction industry in general is performing strongly. Growth in the sector picked up pace in November to reach the fastest in four months as supply delays continue to ease."

Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK