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MBH Corporation PLC plans to keep up acquisitive pace in 2021


The board has proposed maintaining the dividend at the same level as the prior year

(FRA:M8H, ) said its aim is to continue growing through acquisitions at a similar pace to the previous two years.

The conglomerate of established small businesses reported annual results showing revenue jumped 19% to £60.4mln from £50.8mln.

MBH’s financial figures include the results of eight companies for the full year to 31 December 2020, with 12 profitable acquisitions agreed during the period.

Net profit after tax of £1.4mln compared to the previous year’s £3.6mln as the group’s largest industry segment of construction was disrupted by the coronavirus pandemic, with construction revenues falling and profits down significantly on the previous year.

All other five verticals recorded revenue growth in 2020, with four new industry verticals having been added during the year along with expansion into three new countries.

The board proposed keeping the dividend at 0.005 euro cents, with the balance sheet remaining strong, with cash and equivalents of £5.7mln at the year end and a debt to equity ratio below 1.0.

“2020 was a very active year for us and despite the pandemic’s impact on global market conditions we were able to acquire more long-standing and outstanding companies with experienced and entrepreneurial leadership teams,” said chief executive Callum Laing.

“They are now poised to take advantage of the benefits of being a member of the MBH Group. We believe our shareholders should benefit from our progress and be rewarded for their confidence in the model and consequently are proud to be able to offer this dividend.

“In 2020 we have clearly demonstrated the resilience of our group which comes after strong organic growth of our companies in 2019,” Laing added. 

He said the principals at MBH’s 25 company have been “unfailingly proactive, innovative and positive in supporting their clients and their teams during this period”, which he said “has been key in allowing MBH to deliver a solid performance at a time when many businesses have not been so fortunate”. 

“As the small business sentiment moves from survival to growth, 2021 promises to be an exciting year for all involved.”



Read More: MBH Corporation PLC plans to keep up acquisitive pace in 2021

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