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Record year for Ecoserv driven by strong organic growth and strategic acquisitions
Ecoserv Group has reported record levels of growth in 2021 following its transformation into a multi-service FM provider. Turnover jumped 56% to £27.5 million, while annualised turnover more than doubled to £36.0 million, as the company targeted a combination of organic expansion and strategic acquisitions.
As a result, Ecoserv's workforce has increased by 70%, to over 2,500 employees, and is servicing more than 34m.sq.ft of office, educational, retail, healthcare, hospitality and industrial space nationwide.
"Over the past couple of years, we have really grown up as a business in some challenging circumstances," explains Jean-Henri Beukes, CEO of Ecoserv Group. "We have taken some giant strides during 2021, rapidly expanding our size and scope, with the recently-launched maintenance and technical services proposition now making up 40% of our total operation. Over the next 12 months, the aim is to accelerate our growth by continuing to strengthen and diversify."
Ecoserv completed two multi-million-pound acquisitions during 2021 - JPM Group of Companies and Cooltech Environmental Engineering - which has enabled the company to develop its presence within the FM marketplace. Ecoserv also made a number of key appointments to its senior management team, expanding both the Executive and Management Operating Boards, so the company has the experience and expertise in place to support the growth strategy in future.
Meanwhile, Ecoserv reaffirmed its commitment to sustainability by partnering with environmental consultancy RSK Group to determine its exact carbon footprint and establish science-based reduction targets. This is part of an ambitious sustainability strategy, which sets out the company's pathway to net zero by 2025. Ecoserv has already committed to a 50% reduction in scope 1, 2 and assessed scope 3 emissions, with particular focus on its fleet operation, office energy usage and the impact of commuting.
"Our primary aim is to grow in the right way as a sustainable organisation, which means we are committed to achieving net zero as soon as possible," adds Jean-Henri. "However, this is not simply about carbon reduction, but also ensuring our workers' wellbeing is protected and they are paid a fair wage.
"Likewise, the FM sector has been blighted by diminishing margins in recent years as companies chase unsustainable growth, so it is equally important that we have a sensible profit strategy and build lasting partnerships with our customers to safeguard our future."
10th February 2022