Merritts have announced a rise in both revenue and profits in accounts filed for the financial year ended June 2018 following the appointment of new Finance Director Alan Cundy.
Revenue has increased by £1.56m to £5.52m and profits have more than doubled from £320,000 to £870,000 over the same period. Merritts now also employ 42 people.
Commenting, Managing Director, James Merritt said, “It has proved to be a very successful year following a number of changes at board level. We appointed finance director Alan Cundy, and I moved in to a more customer-facing role. This has improved cost control and operational efficiencies.”
Finance Director, Alan Cundy, added, “A significant programme of capital investment started in 2018 and will continue into 2019 and beyond. This investment will assist us in meeting the growing demand for machinery relocation services within the UK and Europe.”
So far in 2018, the Merritts has invested £1.4m in new plant and equipment to support the growth plans and increase operational capacity. This has included 4 new Scania S500 tractor units, 4 new customised Mercedes Benz Sprinter vans and 4 new Hyster fork lift trucks. A new £100,000 Nooteboom low loader is also on order for delivery in January 2019.
The company has also increased staff employee numbers: Former HSE inspector, Lincoln Marks, has been appointed as the new health & safety manager, further enhancing Merritts commitment to safety in the workplace. Four new team members have also been appointed for driver/engineering roles.
As part of its expansion plan, the company intends to increase revenue to £10m by securing more global machine moving projects on behalf of manufacturers selling new machinery to UK based companies.
Merritts has a blue chip client base of industry leading manufacturers and supply chain partners in sectors that use heavy machinery such as aerospace, defence, automotive, print, plastics & rubber, food production and waste & recycling.
Merritts has 60,000 ft² of internal warehouse space serviced by overhead cranes, and a further 80,000 ft² of external storage space. This enables us to offer manufacturing businesses and machine tool specialists the opportunity to use our facilities as a base from which to carry out heavy machinery refurbishment and maintenance.
This service is frequently provided during the transport of a heavy machine to a new location, before it is offered for resale, or before it is temporarily decommissioned. This is because the machine owner sees this as an ideal opportunity to carry out a full overhaul so that the machine arrives at its new location in the best possible condition.
Obviously, whilst the machine has been in operation, it will have had its routine maintenance inspections carried out to ensure its continued safe operation and to avoid production breakdowns, but often, this has meant tooling engineers and inspectors working in confined spaces which may have limited access to all parts of the machine.
By transporting the heavy machinery ‘mid-move’ to our facility, engineers can have unlimited space within which to work and can use specialist lifting equipment such as Versa-Lift forklifts and overhead gantry cranes to enable them to move and lift the machine to access all sides and complete the inspection and overhaul.
Our inventory of specialist machinery moving plant and lifting equipment provides a workable solution to every scenario. All of our equipment is subject to stringent maintenance and testing procedures.
Machine tools specialists that have been approved to work on our site will have access to specialist equipment including:
Space is available to hire on a short or long term basis, with rates calculated accordingly. The package can be tailored to suit requirements and can include lifting facilities and access to power if required.
If you have a heavy machinery refurbishment requirement and need space to carry out the works please get in touch.
The company, which specialises in the lifting, removal, transportation, installation, and storage of heavy machinery and equipment has already invested in 4 new Scania S500 tractor units and will shortly take delivery of 4 new customised Mercedes Benz Sprinter vans and 4 new Hyster fork lift trucks. A new £100,000 Nooteboom flatbed trailer is also on order for delivery in January 2019.
In addition, Merritts has added to its fleet of Versa-Lift trucks following the £300k investment in a further 60/80 truck which has the capacity to lift and carry machinery weighing up to 35 tonnes, which is a valued asset to machinery end users and manufacturers. The Versa-Lift’s compact design also makes it an ideal solution when moving machinery in confined areas.
In total, Merritts will have invested £1.2 million in vehicles by the end of 2018. The remainder of the investment has equipped the new vehicles with bespoke toolboxes and lifting tackle, which includes specialist jacks, skates, chains and slings. This ensures each Merritts site engineer is fully equipped with the specialist tooling required to successfully carry out each project.
Commenting on the investment, James Merritt, Director, said, “We have ambitious plans for expansion over the next five years. We are investing in the equipment and people we will need to meet the growing demand for machinery movement services in the UK, Europe and beyond. It will also enable us to continue working for manufacturers who are moving factories or need to re-locate machinery within their existing premises.”
Funding for the investment was provided by Santander. Joseph Merritt Group Plc currently has a turnover of £6m and employs a team of 45 personnel who work from a fully equipped storage and bonded warehousing facility based in Kirkby in Ashfield, Nottingham. As part of its expansion plan, the company intends to increase revenue to £10m, create at least five new jobs and seek to attract more global machine moving projects on behalf of manufacturers selling new machinery to UK based companies.
The company has a blue chip client base of industry leading manufacturers and supply chain partners in sectors that use heavy machinery such as aerospace, defence, automotive, print, plastics & rubber, food production and waste recycling.
Merritts Machinery Movers are pleased to announce the appointment of Russell Taylor as the companies’ new Contracts Manager.
Russell brings more than 30 years’ experience in health and safety and project management to the role, after previously working with several leading manufacturers in the machine tool and engineering sectors.
As part of his role, Russell will now be responsible for the development of health and safety strategy and project management services, offering specialist support to the companies’ operations and technical sales teams.
After beginning his career as an engineering apprentice, Russell has gone on to gain significant experience with companies based throughout the Midlands, developing a wide range of skills within contracts, project management and health & safety.
Prior to joining the Merritts team, Russell spent 18 years as a specialist Logistics & Engineering Project Manager with an international machine tool manufacturer, offering support for the organisations sales and engineering teams.
The knowledge and experience that Russell has gained during his time in the machine tool sector makes him an ideal representative for our family firm and we look forward to many years of success with Mr Taylor.
If you would like to know more about Merritts or if you would like to discuss a project with our team, simply call us on 01623 759 737 or send an email to firstname.lastname@example.org
A recent machinery move and installation that was carried out by Merritts Machinery Movers has been featured on a specialist lifting and logistics website.
The article which featured on the Heavy Lift & Project Forwarding International website highlighted a recent machine move and installation of industrial fan casings, which Merritts carried out at a power plant facility in Radcliffe-on-Soar.
The article highlighted Merritts capabilities for transportation, lifting and installation and is currently available on the Heavy Lift & Project Forwarding International website.
To read the article, click here.