MWMarcus Worthington & Co Ltd

Information

Marcus WorthingtonChairman's Statement

Marcus Worthington and Co Ltd has come along way since I first laid the foundations back in the early 1970s.

But the values – traditional, family values based around doing the best possible job we can – remain unchanged.

Over the past three decades we have grown steadily to become established as a building and civil engineering contractor of sound reputation.

Our progress and continuing success is down to many factors, but the most important is our people and their passion and dedication to work tirelessly for the common good.

That strength, together with an unswerving commitment to investing in the future, means we are able to look forward with confidence.

Marcus Worthington

Staff

Financial Policy

For over 40 years, the Group has taken a very simplistic and consistent view with regard to the deployment of its financial strategy, which has proved highly successful, sustainable and corporately responsible.

Key to our strategy is our commitment to maintaining strict rules and standards with regard to how we operate and the risks that we are prepared to take not just for ourselves but also on behalf of our clients and stakeholders. Our specific criteria focussing on:-

  • Low & Calculated Risk
  • Steady Growth
  • Re-investment in people, projects, and assets
  • Clearly defined business strategy and boundaries
  • Customer Focus – On Time, Cost, Quality, and Compliance.

With a property portfolio and assets valued at over £25m (2009), much of which is underpinned with A1 covenants, we consider our Group to be financially secure with the added flexibility of being able to invest in new and emerging opportunities which are consistent with our business philosophy.

We consider ourselves to be unlike many of our competitors in that the business model that we have deployed is designed specifically to enhance both the security and individual performance of each trading element, whilst at the same time providing increased operating capability and competitive advantage to the Group as a whole.

In this respect, and again unlike some of our competitors, we take the view that all of our subsidiary companies are essential components within our model, enabling us to achieve:-

  • Increased flexibility to provide turnkey solutions including access to estates and logistical solutions, such as funding, acquisition and development, estates and facilities management.
  • Ability for the construction arm (Marcus Worthington & Co Ltd) to trade both externally and / or internally, as appropriate, to suit the particular circumstances of the client.
  • Lower cost base, as a result of shared overheads and shared skill sets, coupled with flexible resourcing.

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