National contractor Novus Property Solutions has pledged to invest £2 million in 2019 - on the back of five consecutive years of sales and profit growth.
The company, which is headquartered in Stoke-on-Trent and operates from 27 locations across the 海角视频, has announced record sales of £155.8 million for 2018, compared to £148.6 million the previous year.
Pre-tax profits have also risen to £5.53 million - up from £5.44 million in 2017.
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Now, on the back of its latest results, Novus has earmarked £2 million of its profits to support new investment in 2019 - including several digital transformation initiatives.
The company – which was part of Seddon Group until 2013 and employs 1,000 people nationally – is developing solutions that will allow it to integrate its IT systems with its clients’ estate management software and property databases – and automate internal processes.
In addition to the planned investments, Novus is targeting sustainable growth for 2019 and reports that 90 per cent of its turnover target for the year is already secured.
Alan Nixon, who was appointed as CEO at Novus in February, said: “In a market beset with uncertainty, we had another year to be proud of. We grew revenues and profits sustainably as we achieved our business plan, while significantly strengthening our balance sheet so that we can continue to invest in innovation this year and over the long-term.”
In the last 12 months, Novus stepped up its investment into apprenticeships and trainees last year, employing 91 compared to 65 in 2017.
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It is also funding the training of 20 quantity surveyors as it seeks to address specific skills gaps in its business and the wider industry’s talent pool.
Other highlights for 2018 include the company’s fifth birthday which was marked with a £100,000 donation in time, labour and materials to support five community projects across the 海角视频.
Mr Nixon added: “Novus, under the guidance of its chairman and fourth generation of the Seddon family, Stuart Seddon, was committed to being a responsible contractor that gave something back to its communities, long before it became a requirement in contract bids. So we’re pleased to report strong data on our CSR investment alongside our trading performance.
“Looking ahead, the market remains tight. But, with our customer-centric approach and spend on exciting new digital innovations, we’re well placed to continue on our path of manageable growth.”