Trinity Leeds company sees strong growth ahead after sales leap in 2014

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PAVING specialist Marshalls reported an 18 per cent leap in revenues and said full year results will beat expectations if the market stays as positive as it is at the moment.

The Elland-based group, which supplied paving for the Trinity Leeds shopping centre, the award winning London Kings Cross railway station and London Bridge station, said it has seen strong demand for orders and sales growth across all of its sectors.

Like-for-like sales jumped from £265m to £312m in the 10 months to October 31.

Sales to the public sector and commercial market, which makes up just under two thirds of Marshalls’ sales, rose 21 per cent.

Marshalls is targeting areas where higher levels of growth are anticipated. These include rail, home, landscape water management and internal natural stone flooring.

Sales to the domestic market, which represent just under a third of group sales, rose 10 per cent.

Marshalls’ chief executive Martyn Coffey said a recent survey of domestic installers indicated order books of 11.9 weeks, up from 11.5 weeks at the end of June 2014.

The group has identified rail as a key market and it is planning to bid for both the HS2 and Crossrail projects.

The firm will pay an interim dividend of 2.00p per share.