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Meldrum Group ’ s founder , Dave Meldrum , has led the company as CEO since the very beginning , guiding the group through tumultuous times and onto the path of exponential growth and success . “ We have seen impressive financial growth , with turnover rising from £ 26 million in 2021 to around £ 55 million in 2023 ,” Dave shares . “ Despite the challenging economic environment , Meldrum has managed to maintain profitability , posting a net profit of £ 1.94 million for 2023 .”
Having been founded less than 25 years ago , Meldrum Group has already overcome a plethora of challenges , from industry issues such as the Covid-19 pandemic and labour shortages to the current economic turbulence . However , the business has remained robust , not merely surviving but thriving , as it continues to grow and succeed .
“ This success is attributed to our strategic business planning , focus on recruitment and retention , and the ability to secure significant contracts that extend into the coming years ,” Dave elaborates . “ Before Covid , we were already on a sustained and improved trajectory . The projects that were delayed due to the pandemic just meant that the turnover increased in a shorter period of time .
“ As for the labour shortages , we combat this by growing our own talent . Since 2001 , we have developed over 180 apprentices and trainees , many of whom are retained within the business . As a trustee on the Board of the North East STEM Foundation , I am passionate about STEM subjects , promoting STEM education and advancing innovation in our region , spreading my experience and knowledge to the next generation .”
Dedicated to people
Employee development is just one of the ways that Meldrum Group demonstrates its dedication to its people . Governed by four core company values – integrity , pride and passion , quality , and innovation – Meldrum Group encourages its employees to reach their full potential .
The charitable initiatives and fundraising are now in excess of £ 1 million , which is a fantastic feat and contribution
“ Meldrum Group fosters a company culture focused on growth , collaboration , and employee development ,” Dave describes . “ We place a strong emphasis on creating a positive and supportive work environment where employees feel valued and empowered to contribute to the company ’ s success .
“ Meldrum ’ s leadership emphasises careful planning and strategic growth , ensuring that , as the company expands , it remains sustainable and continues to maintain a high level of service . This strategy includes creating new roles and appointing leaders who are well-versed in the company ’ s culture and values , ensuring the culture is truly embedded .
“ Teamwork is highly encouraged and employees work together towards common goals . We value open and honest communication and encourage feedback , engaging with staff regarding their wellbeing , which helps in creating a cohesive work environment . “
Support for local causes
These high standards are reflected further through the company ’ s social value initiatives . The business frequently engages in charity work and is keen to make a difference within its local communities .
“ In 2018 we formally launched the Meldrum Foundation ,” Dave shares . “ The charitable initiatives and fundraising are now in excess of £ 1 million , which is a fantastic feat and contribution . We are passionate about what we do and about giving back to the local communities in which we work .”
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