Scottish metal reprocessor, steel trading and environmental services company John Lawrie Group has reported a significant rise in turnover and profits for 2010.
The latest accounts lodged with Companies House show profit before tax almost doubled to £4.1m last year, compared to £2.18m the previous year, and turnover for the year ended 31 December 2010 increased by £20m to reach £85m.
Group financial director Charlie Parker said: “We are very satisfied with results across the group. Our UK-based metal recycling and steel trading divisions both experienced increased volumes during 2010.”
The Aberdeen-based firm invested a total of £3.1m in new fixed assets last year, which included the construction of a new operating centre and head office on Greenbank Road, Aberdeen.
Mr Parker added: “Our continual reinvestment in vehicles, plant and machinery provides our customers with an excellent support service for decommissioning and dismantling projects at our facilities in Aberdeen, Montrose and Invergordon.”
John Lawrie Group, which has operations globally, also witnessed an increase in demand for oilfield tubulars from the American market.
Mr Parker said: “The presence of John Lawrie Group within the international steel tubulars arena has also continued to flourish. Our US subsidiary based in Houston has recorded significant growth from the provision of oilfield casing and drill pipe to customers across North and South America. We are currently in the process of developing a new 25-acre facility to further service this market place.”
Established in Aberdeen in the 1930’s as a scrap metal merchant, the John Lawrie Group now offers a diverse range of industrial services and has developed an enviable reputation for quality customer service. It is one of the country’s leading privately owned companies and employs a 100-strong workforce across operations in the UK, America and Europe.