Clugston Group appoints new head of FM
Clugston FM, a division of the privately-owned Clugston Group, has appointment of Nick Blackstock as Director of its Facilities Management (FM) division.
Mr Blackstock who has recently joined the Group, which also has interests in construction, logistics and property development, brings a wealth of experience to further develop the company’s existing portfolio of long-term FM contracts for both existing and new customers across a range of sectors.
His appointment will ensure the Group remains focused on providing an exceptional level of service to its customers, whilst positioning the FM business for further anticipated strategic growth.
The appointment comes on the back of a set of recently released results, in which Clugston, despite challenging markets, recorded sales of £176m, its highest to date. However, the investment in restructuring the Group to create the platform for future growth, as well as supply chain challenges in some localised areas, and wider macro-economic factors which led to delays to the commencement of a couple of large contracts, contributed to a small pre-tax loss of £0.5m for the financial year 2017-18.
Despite this, the Group maintained a strong balance sheet with accumulated cash balances of £30m at the year-end (January 2018), no bank debt, and a strong forward order book.
Bob Vickers, Clugston Group Chief Executive, said: “We are delighted to welcome Nick Blackstock to the Group. I am sure his experience across a broad range of facilities management roles will help drive the continued growth of our FM division, which will allow us to strengthen our position in key sectors including healthcare, education, and manufacturing.
Commenting on the Group results, Bob added: “Despite the challenging conditions in several of our key markets, together with investment in the restructuring, we have delivered another credible financial performance. With substantial growth in revenue, as well as accumulated cash balances of £30m and no bank debt, we continue to invest for the future and look to further develop our facilities management division.”