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Birmingham Post
Birmingham Post
Business
Coreena Ford

Revenues rise to £61m at Newcastle construction group Northern Bear despite industry challenges

Newcastle construction company Northern Bear has seen revenues rise 24% to top £61m despite a range of industry challenges.

The chairman of the group said the board was pleased with the strong results in light of ongoing headwinds and challenges facing the industry, including inflation, materials availability and attracting and retaining staff.

The group, which is made up of several firms including MGM Limited, Northern Bear Roofing and A1 industrial trucks, reported adjusted Ebitda of £3.6m, up from £2.3m a year earlier, and adjusted operating profit of £2.6m, up from £1.4m.

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