Industrial cleaning and environmental waste management specialist, MSIS Group, has continued its rapid growth after seeing its turnover increase by an impressive 50% during 2011.
Hot on the heels of the group moving to a new, larger North-east base, the company has announced its year-end figures for 2011, which reveal that its turnover increased from £6.4M in 2010 to £9.6M in the last 12 months.
During the same period, MSIS’ EBITDA (Earnings Before Interest, Taxation, Depreciation and Amorisation) rose 40% to £1.6M.
MSIS’ international division played a key role in driving the group’s success, accounting for 20% – £2m – of its turnover.
Throughout 2011, the company’s two divisions – Oilfield Services and Industrial Services – performed extremely well, with both experiencing significant growth over the previous year.