Meldrum Group has posted a strong set of results after expanding outside its traditional North East home.
The Gateshead based contractor opened a new office in Duxford, Cambridge last year which broadened its national coverage.
The move is paying off with latest results for the financial year ending 31st December 2023 showing turnover up to £55m generating profits of £1.94m.
CEO and Founder, Dave Meldrum said: “The opening of an office in Cambridge is a strategic move from the board. Knowing we can successfully deliver projects in the area and allows us to service those national clients who ask us to work out of the North East region.
“It gives the Meldrum Group greater support on our ability to deliver nationally. We have a strong set of results for 2023 and the board believes, that despite all the significant economic challenges the group has demonstrated its remarkable resilience and ability to deliver in challenging conditions.
“As a group we continue to look for opportunities for growth and to de-risk, opening a Cambridge office was a logical step for us, similarly we have also launched a new business Meldrum Fire Engineering.”
Meldrum Group has been in busiess 23 years and currently employs more than 220 people with offices in Teesside, Gateshead and Cambridge.
