CMS Window Systems

Profits up by a third in record year for CMS Window Systems

  • 16 Jul 2018

CMS Window Systems has recorded considerable growth in its profitability, with EBITDA (earnings before interest, taxes, depreciation and amortisation) in the year to March increasing by over a third.

This comes as the Queen’s Award for Enterprise winning company recorded turnover topping £36 million.

In its latest financial period, the Cumbernauld-based business, with over 250 employee, has increased EBITDA by 34.64% from just over £3m in 2016 to almost £4.1m.

David Ritchie, Chief Executive Officer, believes these latest statistics show the business is in very good health.

“On the back of an excellent year in 2016/17, the business has gone from strength to strength, delivering another fantastic set of results for this latest period which show the business meeting all our strategic and financial targets,” he commented.

“And the future is looking extremely positive too, with a record order book valued at £65m over the next three years providing job security and excellent opportunities for our local and national supply chain partners.

“This includes our largest ever single contract valued at £10m to manufacture and supply windows, doors and curtain walling for the prestigious Atlantic Square development in Glasgow.

CMS Window Systems

David Ritchie

“We’re delighted with these latest results which reflect the remarkable effort and dedication of the whole team as well as a successful business strategy based around environmental, social and economic sustainability.

“With a solid operating platform already in place, we have invested heavily during the last year in our PVC factory capabilities at our Castlecary base near Cumbernauld, to enhance production capacity in preparation for the next phase of planned growth.

“This is continuing into 2018/19 too, with a new door factory in Fife already opened during quarter one and plans to invest in our aluminium factory capacity as well as a new trade manufacturing facility.”

Operating from its 15-acre main manufacturing and recycling facility and HQ at Castlecary near Cumbernauld, together with its new door manufacturing and recycling plant in Kirkcaldy, CMS continues to be one of Scotland’s quickest growing manufacturing businesses.

The company has been backed by mid-market private equity investor LDC since May 2016, when it secured a significant minority investment to further support the business’ expansion across Scotland and England.

Leave a Reply

Latest news

ASSA ABLOY
EJOT

EJOT launches next generation BA Plus through-bolt range

Fastening technology specialist EJOT upgrades its range of ETA-approved through-bolts with the launch of its new BA Plus range of Option 1 anchors.

Posted in Articles, Building Industry News, Building Products & Structures, Building Systems, Innovations & New Products, Restoration & Refurbishment, Retrofit & Renovation, Walls

C-TEC

C-TEC Launches New Vibrating Pillow Pad Alarm

C-TEC’s innovative new vibrating pillow pad alarm warns people with hearing issues of a fire alarm or evacuation alert condition.

Posted in Articles, Building Industry News, Building Services, Facility Management & Building Services, Health & Safety, Innovations & New Products, Security and Fire Protection

National Ventilation

National Ventilation’s Monsoon Shower Extract Fan Kits Shortlisted at Electrical Wholesaler Awards

National Ventilation announces it is on the list of nominations in the ‘Best New Product’ category at the prestigious Electrical Wholesaler Awards 2021.

Posted in Air Conditioning, Articles, Awards, Building Industry Events, Building Industry News, Building Services, Heating, Ventilation and Air Conditioning - HVAC, Innovations & New Products