Friday, 9 January 2015
QTS reports record-breaking turnover and profit figures ahead of playing key role in Network Rail improvement programme
One of the UK’s leading railway contracting businesses, the QTS Group has reported record annual turnover and profit figures for the year ending 31 March 2014.
[Pictured: Alan McLeish, managing director and founder of QTS.]
Turnover at the company has soared 135.23% per cent to £65,373,231 million for the twelve-month period, (2013 - £27,790,937) with profits before tax increasing by 110.86% per cent to £6,537,756 million (2013 - £3,100,469). Business will be further boosted with a major new partnership contract with Network Rail as part of the UK-wide Renewals Collaborative Delivery programme.
QTS is one of seven successful suppliers who will deliver more than 1,000 maintenance, renewals and enhancements projects improving earthworks, bridges, tunnels, footbridges and station buildings as part of Network Rail’s £38 billion programme to build a bigger, better UK railway during the five-year period between 2014 and 2019.
Based in Drumclog near Strathaven in Lanarkshire, QTS Group is a multi-discipline organisation servicing the rail, transport, utilities and private construction sectors throughout the UK. Headed by managing director Alan McLeish, the business offers services including railway operations, environmental, civil engineering, training, vegetation management and drainage.
QTS currently employs 172 staff at the company’s operational bases in Drumclog, Nottingham and Preston, with a further 800 sub-contractors working on contracts across the UK.
Alan McLeish, managing director and founder, commented: “We are hugely encouraged by the fact turnover has grown rapidly from the £19 million we reported three years ago and that is a testament to the sheer hard work and commitment delivered by the team across the country.
“This growth has been fuelled by winning more framework contracts and alliances within the UK rail sector, improved supplier relationships and our increased capability to deliver more works and innovative operational solutions.
“Looking forward, the new infrastructure projects contract with Network Rail represents a major opportunity for the business and we are already working closely with the client team to ensure that the improvement work involved is delivered safely and efficiently.
“Last year also saw us work on projects including our continued National Fencing and Vegetation Frameworks, LNE Minor Works Framework across the country. Moving forward we are looking ahead to start work on our CP5 Earthworks & Coastal Defences Contract, which has a five-year lifespan. We have also won the Minor Works Framework for the LNW, Anglia and Western routes, which will help the business continue to grow nationwide, ensuring we remain one of the largest contractors on the UK Rail Infrastructure.
“A major capital investment programme during the financial year increased the Road Rail Vehicle fleet and upgraded the commercial vehicle fleet to ensure we retain our competitive edge in the delivery of specialist services including vegetation management.”
QTS has added additional office accommodation at the Strathaven headquarters to accommodate the new staff required as part of the Network Rail contract and the company plans further investment at its Nottingham and Preston offices.
Mr McLeish added: “These results allow us to really build for the future, whether that is developing our workforce, investing in new fleet or adding to our green energy credentials across the country.”
Already named one of the UK’s top Entrepreneurs at the 2014 Ernst & Young Awards, Mr McLeish was Scotland’s sole representative in the Entrepreneur of the Year category at the British Chamber of Commerce business awards ceremony in London in November.
QTS has been announced as the presenting partner for the latter stages of the current season’s Scottish League Cup.