CMS announces record profits

CMS Window Systems CEO David Ritchie
CMS Window Systems CEO David Ritchie

Castlecary-based CMS Window Systems has reported profitability has increased by more than a third in the financial year up to March, boosted by record turnover topping £36 million.

The firm which employs more than 250 people in the design, manufacture and installation of PVC and aluminium windows, doors and curtain walling for residential, public and commercial buildings, has increased EBITDA (earnings before interest, taxes, depreciation and amortisation) by 34.64 per cent from just over £3m in 2016 to almost £4.1m.

According to chief executive officer David Ritchie these latest results show a business which is in very good health, with plenty of work on the books.

He said: “On the back of an excellent year in 2016/17, the business has gone from strength to strength, delivering another fantastic set of results for this latest period which show the business meeting all our strategic and financial targets.

“And the future is looking extremely positive too, with a record order book valued at £65m over the next three years providing job security and excellent opportunities for our local and national supply chain partners.

“This includes our largest ever single contract valued at £10m to manufacture and supply windows, doors and curtain walling for the prestigious Atlantic Square development in Glasgow.

“We’re delighted with these latest results which reflect the remarkable effort and dedication of the whole team as well as a successful business strategy based around environmental, social and economic sustainability.

“With a solid operating platform already in place, we have invested heavily during the last year in our PVC factory capabilities at our Castlecary to enhance production capacity in preparation for the next phase of planned growth.

“This is continuing into 2018/19 too, with a new door factory in Fife already opened during quarter one and plans to invest in our aluminium factory capacity as well as a new trade manufacturing facility.”