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Name: McDermotts
Industry/sector: Retail and related services
Date founded: 1994
The boss: Malcolm McDermott
Location: West Midlands
Latest turnover: £35.8m
Three-year compound growth rate (%): 33.6
Latest EBITDA: £1.1m
Founded in 1994, McDermott has seen growth in turnover double between 2013 and 2014.
The company’s strategy was rewarded in 2014 with further year-on-year growth, inclusion within the London Stock Exchange report of 1,000 companies to inspire Britain for the second time in a row, and the achievement of a zero accident frequency rate. This has been further recognised with McDermotts being shortlisted in the Construction News Awards 2015 within the category of Health and Safety.
To achieve its strategy McDermotts invested in specialist expertise. A beneficial training partnership was established with Salutem. Managing director Malcolm McDermott referred to attention to detail being essential to ensuring effective and relevant training in a complex industry. He stressed that it also meant redefining training requirements and tailoring content to create their own specific training courses.
As part of the company’s growth plans, the management team has recently invested in new plant equipment and machinery, he said. This included five Ford Transits, along with the purchase of a CaterpillarD6R Bulldozer. Further investment has been planned for 11 more Transit vans, several excavators and two 25T dump trucks.
McDermott said: “The overall venture is part of an ongoing strategy to transform the business as part of its three key sustainability areas; prosperity, people and planet. The new machinery and equipment means McDermotts staff have the best equipment and our clients get an excellent cost-effective service along with benefits to the planet due to their lower emissions compared to older equipment.”
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