Facilities management firm doubles revenues over four years

Leyland-based facilities management provider Aston Services Group has more than doubled its annual revenues since 2020.

The group provides security, cleaning and maintenance services across the country to shopping centres, retail and business parks and multi tenanted office buildings.

Following the appointment of Nick Atkinson as managing director in March 2019, organic growth has increased revenues from £8.5m in 2020 to £17.3m at the end of 2023 with profits increasing threefold. Forecasts for the end of this year are in the region of £20m.

This growth has been achieved by way of expanding the company’s client portfolio and efforts to retain the existing client base, which includes such names as property management specialists Savills, Workman LLP, Munroe K and Ashdown Phillips.

The most recent contract renewals are those of The Harvey Centre in Harlow, Dalton Park in Durham and the Millgate Centre in Bury, continuing the firm’s outstanding success of an almost 100 per cent contract retention rate.

The company has also concentrated on staff retention, and currently only has eight vacancies across its workforce of 740 staff, representing one of the lowest levels in the industry.

Nick Atkinson has also been responsible for demerging the group, consisting originally of five divisions – security, cleaning, maintenance, industrial and hygiene - to allow the respective businesses to focus on their core competencies.

He said: "The last few years have seen the group deliver record operating profit, and outstanding growth in revenue, consolidating our position as one of the leading facilities management companies in the North.

"These results reflect the trust our clients put in us, and the excellent service standards upheld by our fantastic workforce. We have set our sights on another successful year and continued sustained growth for the future."