Major sales surges at Newry fit-out group MJM Marine
NEWRY fit out firm MJM Marine has recorded major sales surge as revenue jumped to £58.9 million last year.
The 52 per cent rise in revenue delivered pre-tax profits of £4.9m - more than double the £2.4m recorded in 2014.
The company operates from 100,000 sq ft premises in Carnbane Business Park.
Established in 1983 by the McConville family it specialises in the interior fit-outs of ferries, yachts and cruise ships.
In 2014, the company bought the assets of administration-hit Mivan, a former rival which it now runs as a separate entity.
MJM Marine chief executive Gary Annett said the group "continued to grow through the securing of a number of multi-million pound contracts with world leading customers".
“Alongside an improvement in trading performance, it has also achieved increased efficiencies and a reduction in overheads," he said.
“The group is confident it will remain profitable in the foreseeable future, with an expectation of a growth in turnover over the medium term. Employee numbers are also up, from 143 to 185.
“The group has a continued focus on employee engagement and staff investment, resulting in an adept and skilled workforce which prides itself on delivering quality projects on time.
“It has also invested heavily in a green future by using solar panels and a biomass boiler to become more self-sufficient, significantly reducing the requirement for oil or other solid fuels.”
In addition to its Newry headquarters, MJM also has operations in France and Poland.
Projects in the office and retail sector successfully completed by MJM include Victoria Square in Belfast, Harrod's in London, the University of Edinburgh and Dublin International Airport.
Its portfolio also includes the K-Club in Co Kildare, the Sheraton Resort at Fota Island in Cork and a number of top London hotels.
The company has also built an impressive cruise client base including Carnival Cruise Lines, Royal Caribbean and P&O.