Roalco post impressive growth and profit figures

Roalco post impressive growth and profit figures

Roalco Ltd, the specialists in social housing works, have reported a healthy growth in both their turnover and profits for their last financial year.

09 August 2011

Turnover has grown by 25.3% to £13.254m and profits by 151%. Underpinning this growth in their business performance has been the continued funding support of their banking partners NatWest, who have helped navigate the business through the effects of the recession.

Founded in 1977 by brothers Alan and Robert Potter together with fellow director Barry Cook, the company specialises in maintenance projects for or in partnership with local authorities and housing associations. Their activities include providing high quality response repair, void refurbishment and planned homeworks. Their head office is based in Ardleigh, but they have regional offices, warehousing and depots in Colchester, Stansted, Eastcote, Ashford, Cardiff, Norwich and Cambridge, as their work stretches across the UK. They employ more than 200 staff across all their locations.

Roalco have navigated the downturn in the economy through careful cost management and a continued focus on the quality of their work. With a customer base across the country, the company has been able to focus resources where they are most needed, and have not been reliant on one particular geographical territory and its public spending.

The latest trading figures are a testament to the management's strategy and ongoing financial support provided to them by NatWest. Mike Hart, relationship director at NatWest has worked closely with the directors since 2002. Throughout this period the bank has structured facilities to support the different trading patterns of the company, including providing additional working capital support during the recession.

Speaking about their impressive trading figures and the prospects for the company, managing director, Alan Potter said: "We are delighted to announce these figures, which show a strong growth in turnover and profits. It has not been easy over the last few years with the change in market conditions, but I must give credit to our workforce who have continued to provide a premium service to all of our customers. It is this attention to detail and the new and returning custom it generates that has helped to drive these business volumes.

We have also been well supported by NatWest. A lot has been said recently about banks not supporting SME customers. I can say that NatWest has been a real partner to us over the years and they should also take credit for our strong business performance, which is underpinned by the financial support they continue to provide us with."

Mike Hart added: "Roalco is a well run business. Although their industry has been heavily hit by the recession, the strength of their business model has seen them through it. This is evidenced by the impressive trading figures they are now reporting."

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