Blog1 June 2017

Andrews Sykes Group report successful financial year

We are extremely pleased to reveal our financial results for 2016 which underline another extremely prosperous year for the company.

Figures show that total revenue was £65.4 million – an increase of £5.3 million – equating to 8.9% growth when compared with the previous twelve-month period.

The increase had a more than proportionate impact on operating profit which increased by £2.6 million (19.7%) to £15.8 million in the year under review. This follows a 15.8% increase on the results posted in 2014.

These numbers reflect the company’s strong performance both in the UK and overseas. The full Annual Report and Financial Statements 2016 can be viewed by clicking here.

During the year, more than £6 million was invested into the hire fleet which has allowed us to maintain our policy of introducing new innovations and updating our product range. As a result, several new pumps and HVAC units have been added to our fleet and feature the industry’s latest environmental and technological advancements.

Further developments are also planned throughout 2017 and into next year, including the continued growth of our nationwide network. We are excited to open a new depot in the Doncaster area and look forward to expanding both our operations and hire fleet in the near future.