According to accounts just filed by the company, revenue increased by £1.56 million to £5.52 million, while profits more than doubled from £320,000 to £870,000.
Now, Merritts, which employs 42 people, intends to boost revenue even further, to £10 million, by securing the contracts for more global projects on behalf of manufacturers selling new machinery to UK-based firms.
Director James Merritt said: “It proved to be a very successful year after a number of changes at board level.
“We appointed finance director Alan Cundy, and I moved in to a more customer-facing role. This improved cost control and operational efficiencies.”
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Alan said: “A significant programme of capital investment started in 2018 and will continue into 2019 and beyond. This investment will assist us in meeting the growing demand for machinery relocation services within the UK and Europe.”
So far this year, Merritts has invested £1.4 million in new plant and equipment to support its growth plans. It has also increased the number of staff it employs, including the hiring of a new health and safety manager, Lincoln Marks.
Merritts’ clients include large companies in industries such as aerospace, defence, automotive, print, plastics and rubber, food production and waste and recycling.