Each year Grant Thornton releases its landmark Norfolk Limited report offering a unique insight into the performance of Norfolk’s economy and the business community.
The annual report analyses the most recently available financial statements of the Top 100 independently owned or controlled companies in Norfolk, based upon reported turnover.
This year Bateman Groundworks is included in the report as a stand out performer in the Manufacturing and Construction Sector.
Only three sectors reported an overall increase in operating profit Manufacturing and Construction being one of them.
Construction companies, in general, have demonstrated good growth against continued buoyancy in the commercial and residential markets reporting an increase of 7.9% and the best operating margin of 7.1%.
Bateman Groundworks stand out with an impressive turnover growth of 41.7% and a steady increase in operating profit.
The significant factors which contributed to such strong growth are deploying strategic investment in growth, a focus on operational efficiency, delivering excellence in site safety, maintaining quality, maximum productivity and crucially a skilled and talented workforce.
Commenting on the recognition, Jason Ramsey, Managing Director, Bateman Groundworks said “It is a fantastic achievement to again be recognised in this year’s Norfolk Limited Top 100. This is a testament to our hardworking and talented team.
It’s particularly reassuring during a time when Brexit is leading to uncertainty and inhibiting businesses. We are committed to Norfolk and believe in its attractiveness as a place to work and live, recognition at this level is good for business, but more importantly, it creates a vibrant local economy where people and communities can thrive.”
Richard Bateman, Executive Chairman, Bateman Groundworks added: “I’m delighted the hard work and efforts of our team is being acknowledged by Norfolk Limited Top 100. Construction is a key sector for employment in Norfolk; it’s vital that we deliver good financial results if we are to attract top talent and encourage other businesses to invest in the future of Norfolk.”
You can request a copy of the full Norfolk Limited 2018 Report here.
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