Company to trade under new name after reporting turnover growth of 84%

Money

Fit-out contractor Margolis has rebranded to Oktra and reported turnover growth of 84% to £32m for the year ended 31 May 2013.

The firm’s revenue has increased seven-fold in six years, since managing director Geoff Andrews led a management buy-in of the firm from its previous family owners in 2007.

Margolis offers commercial fit-out across the country, focusing on the City and West End of London.

The firm’s pre-tax profit margin was 6% in the latest financial year, unchanged from the previous year.

Andrews said the rebrand was because the firm had grown and “what we have become is not really represented by the brand we bought”.

He said a repeat business level of 70% and design expertise in-house was helping drive growth.

 

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