Nagel Langdons

Controlled temperature specialist Nagel Langdons increased turnover by almost 15% to £85m in the year ending 31 December 2013.

The company also reported a 55% rise in pre-tax profit to £4.43m during the period, up from £2.85m in 2012.

MD Arran Osman said the figures reflected a “continuation of natural growth” within its core market, but also that consolidation leading to fewer players had also played a part.

He said Nagel Langdons, which changed its name from Langdon Industries in October 2013, had exploited the retail arena more frequently during the period, working for customers such as Aldi and Lidl that were growing faster than other retailers.

“What we are experiencing so far in 2014 is not remarkable, but compared with 12 months earlier it is consistent,” he added. “We are probably seeing more of our existing customers, who have been with us for a long time, coming through the economic downturn and releasing investments, allowing them to grow and this is clearly benefiting us.”

In June the company will move into a new location near Motherwell, which it acquired for £3.1m earlier this year as part of its strategy to continue growing organically.

As a result of the acquisition, which also involved a £5.5m bank loan to purchase what is currently a store and convert it into a temperature controlled facility, Osman predicted that the company’s margin would dip below 5% before it made a return on the investment.

Topics