Year of uncertainty

Mactaggart & Mickel ‘optimistic’ despite fall in profits

Ed Monaghan Mactaggart & Mickel

Ed Monaghan (right): ‘We have made remarkable progress’

Housebuilder Mactaggart & Mickel has reported a fall in profit during a year of political and economic uncertainty.

Pre-tax profit for the 12 months to the end of April came in at £12.1 million against £14.2m in 2018.

This was in spite of an uplift in turnover to £84.7m from £82.3m in the previous year.

Chief executive Ed Monaghan said the business had been simplified and he remained optimistic

The family-owned company has seen excellent progress with its recent expansion into England, with several developments under way throughout Oxfordshire. 

Its first development in the county is due to be launched shortly followed by two further sites next year.  

The diversification strategy, designed to smooth out the peaks and troughs of the construction cycle, saw the company invest in new business areas together with new geographical markets. 

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