Macob Holdings was founded in 1981 and survived the 1990s property recession by using its south Wales base to secure several profitable contracts in the area. These included contracts to build the Royal Opera House’s warehouse in Aberdare and outlying work linked to Cardiff’s Millennium rugby stadium. Macob achieved 37% pa profit growth from £1.7m in 1996 to £4.5m in 1999. Founder and chairman John Roberts said this was partly due to a one-off sale of land Macob cleared for development in the Ely district of Cardiff. A 1997 shift from casual site labour to full-time employees, coupled with a company training scheme, has also helped improve efficiency. Macob’s reputation as groundwork specialists, combined with the buoyant building market, drove sales up by 36% pa from 1996 to £62.8m in 1999.
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