nmcn has reported an annual increase of £340.45 million in revenue for 2018.

The firm's financial results for the year also show a cash balance increase of 96% to £33.35m, as well as a reduced average payment period to 38 creditor days.

Operating profit before tax also went up 500% to £6.02m in 2018 against previously reported figures.

These numbers come amidst a company rebrand in November 2018. It brought its 1800-strong team under one centralised brand, as part of a strategy to bring together technical expertise and innovation across its different business sectors.

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John Homer, chief executive of nmcn, said: "Our results in 2018 demonstrate the achievements across the business against the targets in our strategic plan and provide a solid platform for further progress.

"There are positive signs of continued opportunities for us to grow in our chosen market sectors. Our forward order book is just over 90% of anticipated revenue for the year ahead with a healthy pipeline of future opportunities available.

"Our people remain our overarching differentiator and the driver for continued growth and we're committed to the development of the talent within the business.

"For 2019 our strategy is guided by the launch of our Positive Impact Plan, which will enable us to focus on our mission of having a positive impact on everything we touch. This includes keeping our people at the centre of our approach and enabling them to maximise their potential, recognising and minimising our impact on the communities and areas in which we live and work, and thinking differently to build innovation into our activities and ensure we're doing business in the best way we can."

(CM/JG)