Executive Chairman of the Donaldson Group, Neil Donaldson comments: “To raise profitability by 8.4% in challenging market conditions is a particularly commendable achievement. Our borrowings remain low and we have managed to grow net assets to GBP 18 million ($28 million).
In addition, we have further strengthened our service offering by investing GBP 1.2 million ($1.9 million) in new machinery at our Chorley sawmill site and continue to look for opportunities in the market to help expand our product range.”
Commenting on the trading operations for the year, Managing Director of the Donaldson Group, Scott Cairns said: “Our business made considerable progress during the year despite a combination of low housing starts and poor general construction activity. All core trading companies within the Donaldson Group have grown market share in the year. In particular, MGM Timber Scotland Ltd and Donaldson Timber Engineering Ltd exceeded expectations and produced market leading performances, a magnificent accomplishment.
James Donaldson & Sons Ltd comprises four first class companies: timber importer and distributor James Donaldson Timber Ltd (JDT), engineered wood product manufacturer Donaldson Timber Engineering Ltd (DTE), timber merchant MGM Timber (Scotland) Ltd and hardwood supplier Parker Kislingbury Ltd (PK).
