Strong offsite demand sees profit rise for McAvoy

Revenue to £71.5m for the 13-month period to 31 May 2022, compared to £23.8m for the six-month period ending April 2021 as McAvoy generated EBITDA of £6.2m for the same period, compared to £2.4m for the period ending April 2021.

During the reporting period McAvoy unveiled a significant expansion programme that included the launch of a new SmartSpace semi-permanent modular fleet more than doubling the firm’s rental capacity while creating 50 new jobs over the next three years.

CEO, Ron Clarke said: “The group is experiencing robust and continued interest in its proposition, supported by favourable structural tailwinds and the Board, with the continued support of our shareholders, has embarked upon a strategic growth plan which includes the creation of a modern and highly flexible rental fleet.

“Designed and built to enhanced energy and fire protection standards, SmartSpace provides our customers with sustainable space solutions which will allow significant scope for future value creation.

“Whilst recognising that the trading environment will remain challenged by ongoing geopolitical tensions and inflationary cost pressures, we continue to see strong underlying demand for the company’s sustainable building solutions.”

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