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Mountfield Group

  • BY: Andrew Hore |
  • POSTED: 08/03/2017 |

Mountfield Group says it already has a strong order book for 2017. 

The share price bounced back 0.43p to 1.43p., which values the company at £3.7m. 

Raised access flooring contractor Connaught has won a £1.2m contract that could eventually increase to £3.7m over three years and a £2.5m contract. These will generate about £3.5m this year.

Construction business MBG is concentrating on low risk contracts.

The two main businesses were profitable last year. In the six months to June 2016, group pre-tax profit increased from £246,000 to £316,000. Net debt was £4.13m.

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