News blog
Mountfield Group
- BY: Andrew Hore |
- POSTED: 02/07/2009 |
- COMMENTS: Add yours
Mountfield Group is benefiting from increasing investment in data centres.
Mountfield is a niche contracting business which specialises in fitting out data centres. It also has a raised access flooring business and an operation that puts together sites for residential or data centre developments and sells them on. Three-fifths of revenues come from data centres work and this continues to be a strong market. Mountfield has picked up a new data centre contract in Swindon worth £1.2m.
If data centre work tailed off Mountfield has the ability to switch to other sectors.
Mountfield joined Aim on 30 October 2008 at an admission price of 10p a share. At 9.75p a share, Mountfield is valued at £16.5m.
If the company had been in its current form for the whole of 2008 it would have generated revenues of £23.8m and made profits before tax and flotation expenses of £2.55m. This is without any revenue contribution from the land development business. There are a number of potential sites and it will take three to six months to gain planning permission, electricity supply, etc.
Mountfield reported profits of £1.36m on revenues of £17.4m in 2008.
Net debt was £3.43m at the end of 2008.
Mountfiled floated so that it could grow through acquisition. It would like to add additional products and services to the group, such as specialist electricals, CCTV installation and tool hire.
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