The MacLean Electrical Group, a specialist electrical distributor, is predicting a record year for business following the publication of its annual results for 2012/13.
The company, which is headquartered in Dingwall and has bases in Wick, Aberdeen, Cumbernauld, Newcastle, Great Yarmouth, Houston, Kazakhstan and Australia, is anticipating a 40 per cent increase in turnover to approximately £140 million in the next 12 months, with an estimated rise in pre-tax profits to approximately £10 million over the same period.
Further out, the company isexpecting even greater growth in 2015.
A key factor in MacLean Electrical’s growth plans has been the start of work, estimated at AUD$59m (GBP £34.5 million, USD $ 55 million) for the supply of medium and low voltage power, control and instrument cables, glands, electrical bulk materials and cable trays for two major contracts on the Wheatstone LNG (liquefied natural gas) project in Western Australia.
It is expected the contracts will run until 2016. The Australian contracts, awarded to JT Day Pty Ltd, a wholly owned business of the MacLean Electrical Group located inPerth, Melbourne and Brisbane, will support more than 35 jobs at the JT Day Wangara facility in Perth, Western Australia, and are in addition to supply orders won by JT Day during the early works element of the Wheatstone Project over the past 12 months.
MacLean Electrical is also experiencing significant demand for its electrical products and cables from the resurgent North Sea oil and gas industry and from North America. To handle increased North Sea activity, the company has invested £1 million in a 6,000 sq ft extension to warehouse facilities at its premises in Altens, Aberdeen. A further £1 million has been invested in establishing and stocking a new facility in Great Yarmouth, which is expected to open next March.
The company, which has been the leading UK oil and gas industry maintenance, repair and operations supplier of electrical products and cables for several years, has seen its global staffing levels increase from 199 to 215 in the past 12 months and expects a furtherrise in the months ahead.
Group managing director Donnie MacLean said: “Our business has been extremely buoyant for several years now, especially in the oil and gas sector, and we see no signs of that situation letting up in the near future. We arerecognised and trusted by the sector for the quality of our products, our competitive pricing and the high levels of service that we provide. The growth of our e-commerce offering is an example of that business success.”
MacLean Electrical posted a group operating profit of £5.17 million for the year ended March 31. This was less than the £6.1 million recorded in 2012 and was a result of an extremely successful 2012, a later than anticipated start on the Wheatstone work, plus investment in the Aberdeen, Great Yarmouth and Brisbane facilities.
Aside from its oil and gas activity, MacLean Electrical’s lighting division, based in Cumbernauld and Newcastle, is forecasting a 15% increase in business over the next 12 months, assisted by the energy saving expertise provided to local government, government agencies and consultancies from the company’s light and energy design division (LED).
Mr MacLean said: “The successes from winning several large contracts this year will be reflected in the results for the forthcoming years. Our core markets are continuing to show improvement and we are confident of future growth and successful results.
“While our major projects are overseen by our project teams in Dingwall and Aberdeen for theenergy sector, and Cumbernauld for the lighting sector, we shall continue to pursue growth opportunities both at home and worldwide, and continue to exploit the full potential of our e-commerce service with our trading partners.”
Notes to editors
MacLean Electrical is a world class electrical integrator specialising in the supply and management of IEC & IEC Ex electrical equipment, lighting systems and cables for onshore, offshore and renewable energy, petrochemical, process, marine, industrial and infrastructure applications worldwide.
The headquarters of MacLean Electrical’s lighting division is at Drum Mains business park, Cumbernauld.
Through its distribution business units the company currently services the UK, Australia, Caspian Region and the Middle East and its international project supply business covers the globe with operations servicing Europe & Africa, the Americas, Asia Pacific, Middle East and the Caspian region.
For more information about the MacLean Electrical Group, which incorporates NOSKAB Cables and JT Day Pty Ltd, contact:
Roger N Pitts, group business development manager, at: [email protected]