Business

Precision Group posts 'record' £10m turnover

Pictured, from left, Precision Group managing director, Kevin Williams with chairman Jim Stewart and company founder and board member, John McFadden

SERVICES company Precision Group has posted £10 million turnover it what it says was its best every year.

The firm provides managed services to business and industry such as facility management, asbestos removal, thermo-chemical cleaning, industrial cleaning, specialist welding and mechanical and heating services.

It has 300 staff across Ireland including at offices in Belfast and Campsie.

The company has recently acquired a number of specialised service providers, most recently asbestos removal and thermal insulation experts, Chieftain Insulation, to bolster its commercial offering.

Company founder John McFadden said the company he started 30 years ago had grown "from a local cleaning company to become one of Northern Ireland's most diverse business service providers".

"Having recently restructured the company and appointed a new chairman and managing director who have brought significant strategic management and business experience, the Precision Group has gone from strength to strength. We have seen rapid growth – particularly in the power industry - and we expect this trend to continue over the coming years," he said.

Precision Group managing director, Kevin Williams added: “As well as recent restructuring and acquisitions, we have made a significant investment in the continued up-skilling of our workforce who are increasingly able to deliver very specialist technical services to business and industry. We offer many unique solutions not readily available from other firms, particularly in our process equipment refurbishment offering, with orders now coming in from as far afield as China.”

Established in 1982 as a cleaning company, the Precision Group is now probably best known for its asbestos removal offering.

Company chairman, Jim Stewart added: “The Precision Group is providing services right across Ireland, UK and Europe as well as opening up new markets in Asia, particularly in the oil and gas and power industries. Global economic recovery – as well as an appetite for growth from businesses at home – means we have signed a number of significant contracts recently in both the public and private sectors and we hope to announce these soon. We have also recently rebranded the company and this; coupled with our positive reputation among our customers, means we are confident of continued expansion in line with our company growth strategy.”

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