Amco stars in Sunday Times national league table
Amco, the Barnsley-headquartered specialist engineering group, has been recognised nationally for its outstanding profit growth. Amco was ranked fourth in the Sunday Times Buyout Track 100 after seeing profits before tax rise to £15.3 million on turnover of £98.8 million.
The management buyout of Amco Group completed in April 2008, led by David Jackson and Ian Swire in partnership with Endless LLP, and since this time the group has seen strong growth across its engineering divisions. Amco, which provides complex engineering solutions for clients such as Network Rail, Magnox, SSE, E.On, Scottish Power and the Environment Agency, recently announced a string of multi-million pound contract wins, culminating in a forward order book totalling more than £180 million at January 2010.
Ian Swire, Finance Director, commented: "Amco has gone from strength to strength since the buyout completed. We have zero net debt, which provides us with significant capacity to take advantage of opportunities, be that in pricing of tenders, investment for the future or in potential acquisitions."