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SGP celebrates record breaking performance

05 March 2013

SGP Property & Facilities Management, together with its six SPV companies, announced significant growth in revenue and profits during 2012. Revenue increased by 11.8% from £46.8m to £52.3m, whilst operating profits were up by 9.8% to £4.5m

The record level of income generated into SGP in 2012 was through a broad range of services including on-site FM, technical services such as energy management, commercial agency and property management services, for example rating and service charge management.

An increase in revenue and profit was attributed to the addition of a significant level of operational PPP projects, particularly in the healthcare and education sectors as well as new contracts with Johnston Press and Camelot and the acquisition in February 2012 of Nickleby and Co. The latter brought with it a strong portfolio of retail and insurance clients allowing SGP to enhance further its presence in the FM retail sector.

‘We are delighted to have delivered such a positive result for our shareholders. Stringent cost management, a strong pipeline of potential clients along with the revenue generated from existing contracts make our business exceptionally well placed to continue on a growth trajectory during 2013,’ said Kevin Elliott, Managing Director, SGP.

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