Moving to the Next Level: Siemens Help MECX to Maximise Growth
By having a singular focus on helping to construct and maintain the physical and naturally built environments that combine to make up the transport, energy and utility infrastructure networks, MECX Group Ltd has developed a leading reputation within the marketplace.
To make the most of its standing the company has recently looked to maximise its growth potential by securing a financial package from Siemens Financial Services that it is hoped will take the business to the next level in its development, as Chris Mariner, Group Director, recently outlined to Construction Industry News.
“I created the business a few years back and it has gradually evolved over the years”
“We now have five offices around the country with more to come. MECX employs close to 160 full-time employees and another 300 part-timers supporting our activities. We’re probably best described as a lower tier SME as we haven’t quite broken the £25m turnover barrier yet but we are working on it. We rebranded towards the end of 2017 and recently relaunched our website (www.mecxgroup.co.uk).
“Within MECX group we are always looking at innovation and improvement. In keeping with this approach, last year we put together a structured finance deal with Siemens Financial Services that is designed to support our development as a contracting organisation. The Siemens Financial Services division is a key strategic business unit operating within the Siemens UK Group of Companies and works alongside Siemens’ Mobility – a leading provider of products and services to the UK rail industry. Both MECX Group and Siemens Rail Automation are Network Rail ‘Principle Contractor License’ holders (with Siemens being a tier one framework partner) and so we worked closely with Siemens to develop innovative solutions that would suit our respective requirements.
As a direct result of this collaborative approach, we came up with a strong finance deal that supports the MECX plan for growth and allows us to invest in plant and people. By working ‘hand in glove’ with Siemens Financial Services, they will become a fully embedded part of our business, which brings a huge amount of benefit in terms of supply chain stability, not to mention commercial peace of mind, for both parties.”
In terms of the benefit to MECX, its improved financial robustness will enable the Group to tender for larger value contracts and to really push forward as a business. Mr Mariner continues:
“We have aspirations of moving into the £50m-£100m turnover bracket and the financial package provided by Siemens, coupled with the experience and expertise we have within our organisation, means we are now able to safely deliver larger projects, particularly in overlapping sectors that we haven’t really targeted previously, such as conventional construction or civil works, telecoms and green energy”
“At the same time, we’re able to invest in apprentices and better, more efficient plant and equipment to support our long-term plans.”
Having developed a strong name for itself within the transport, energy and utility infrastructure sectors, MECX certainly looks well placed to build further on this reputation as it takes on ever larger projects in a more diverse range of markets.