GSH Group reports strong financial performance
GSH Group, a leading energy and technical FM management company, has reported an operating profit of £6.9 million for the year ended 31 July 2010, with turnover up by 4.6% to £250 million. Earlier this year, GSH Group de-listed from AIM to return to being a privately owned business. Operating cash generation was £5 million, which, with a bank facility of £6 million, provides funding for the company to continue to invest in the business and enable the management team to develop the long-term strategy.
Ian Davidson, group chief financial officer, comments, ‘I’m delighted to report this robust financial performance, achieved within a tough economic environment. We have a platform for future growth and are in an excellent position to invest where appropriate in long-term business development.’