Newcastle construction firm MGM sees turnover triple

MGM Construction recorded a record £15 million turnover this year, up from £5 million in 2021, with current projections forecasting further growth in the year ahead.

Founded in 1986, ‘consistent growth’ has turned it into one of the ‘leading specialist property refurbishment companies’ in Northern England, while in 2007 it became part of the Northern Bear PLC group.

The company’s post-pandemic boom has largely been fuelled by securing contracts on notable projects in both the public and private sectors, including councils across the region and the Wearside housing association, Gentoo.

Managing director Phil Burridge said: “These really are exciting times for MGM.

“With strong support from the Northern Bear PLC board, we have been able to change the structure, ethos and direction of MGM.

“By adding key people to our management team and with internal development, we are in a strong position for our targeted growth.”

MGM Construction has defied the industry trend, in part to its robust business model and strategic insight that has given a solid platform for further expansion.

Recent projects have included specialist structural works to high-rise residential units in Sunderland for Gentoo, as well as first-of-its-kind repairs to structural steelwork in Times Square car park at the Centre for Life.

The company also secured the contract to deliver the £1.5 million revamp of Beamish Football Club.

Additionally, valued public sector clients include North Tyneside Council, Newcastle City Council and South Tyneside Council.

And with further growth on the horizon, MGM Construction is also seeking to recruit a skilled business development manager – a key position in its growth strategy – alongside various operational and commercial roles.