Scot JCB<\/a> announced it has seen record sales in the latest year.<\/p>\nAccording to Finance Director Stephen Barker, strong demand in the housebuilding sector and the wider construction market was behind the growth.<\/p>\n
The news will undoubtedly be welcome by a sector that was facing uncertainty following the Brexit vote.<\/p>\n
The firm said it thought its prospects and the outlook for the construction market on the whole was positive, given the need for new homes and the push for major infrastructure projects.<\/p>\n
Barker said: \u201cBrexit\u2019s an issue but we\u2019ve still got to build houses, roads and other infrastructure. I think on that side demand is going to be there.\u201d<\/p>\n
He said despite some sectors showing uncertainty after the vote\u2014in particular the farming community\u2014there had not yet been any cancelled orders. Furthermore, he said he expects the firm to see sales and profits grow, given the expected market conditions.<\/p>\n
Scot JCB saw sales increase to \u00a3125m in 2015, rising from \u00a3117m when compared to the year before. Pre-tax profits fell a little from \u00a34m to \u00a33.8m in 2015, and the interest bill doubled to around \u00a3400,000 due to the investment made in buying stock in 2014.<\/p>\n
The firm said: \u201cWhilst the farmers have been under pressure from high costs and lower selling prices, we have seen strong demand for Loadalls and for the new JCB 4000 series tractor.\u201d<\/p>\n
Scot JCB also saw its staffing levels swell, increasing its average monthly number of employees from 213 to 231. An additional six service engineers were also taken on, and the total number of apprentices reached 31.<\/p>\n
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