A County Durham roofing company – which is owned by its own employees – has reported an enormous boost in profits and sales.
CA Group has seen its turnover increase by 27% in the last year, from £59.7 million to £76.2 million. After-tax profits were up by almost 38% to £5.9 million.
The firm, which is based in Evenwood, County Durham, supplies and installs metal roofing and cladding products.
CA Group has a similar structure to the department store company John Lewis, in that the firm is an ‘Employee Benefit Trust’ which is owned and run by its own workers. All employees benefit from the success of the business by receiving a tax-free performance-linked bonus.
The company has carried out work for clients including Amazon, Tesco, Jaguar Land Rover, Sainsburys, Hermes, BMW, H&M and Marks and Spencer.
CA Group has recently boosted the number of its staff, employing 21 new workers. The firm now has 218 employees. The firm has also managed to pay off a £400,000 bank loan.
The company feels much of its recent success has come from its targeting of the logistics and warehousing sectors.
CA Group’s managing director, Mark Webster, commented, “Our record turnover this financial year is testament to the dedication and hard work of our employees, combined with a buoyant logistics sector driving an increased demand for warehouse facilities from clients including Amazon, Hermes and Lidl.”
Established in 1983, CA Group states that it has “an enviable track record, having delivered more than 25 years’ worth of quality projects for blue chip clients.”
CA Group won a prize in this year’s Teesdale Business Awards thanks to its training, mentorship and apprentice programmes. The firm has also been shortlisted for a Business Insider ‘Made in the North East’ Award, in the category of Manufacturing Company of the Year.
(Featured image courtesy of Scott Lewis, from Flickr Creative Commons)