Member Article

Middlesbrough's Midas set to hit golden £5m turnover target

Teesside cladding firm Midas is set to record a £5m turnover after completing a series of deals, including work to ensure the Riverside Stadium was ready for Middlesbrough Football Club’s return to the Premier League.

The Middlesbrough firm, which is set to achieve 20% growth on 2015, spent the summer carrying out ground improvement work at the Riverside Stadium worth £300k as Boro prepared for their first Premier League season for seven years.

The Midas team installed the cladding for a new external staircase tower that provides members of the media access to the Riverside’s new TV studios in the south-east corner of the stadium as well as cladding the stadium’s new East Stand TV gantry.

Martin Gilbey, Managing director, said: “It’s been such an exciting time to be carrying out work for Middlesbrough FC and we’re particularly proud that they have shown such faith in us as a local contractor to carry out first class work to what was a tight deadline to ensure everything was in place for the start of the new season.

“Midas has supported the club over the years, most recently as Official Corporate Partners, and when the time has come to support local businesses they have shown great loyalty by providing work to companies such as ours when they might have gone to big contractors in London.

“We couldn’t be more proud to have played a role in the physical infrastructure of something that’s such a big part not only of my life but of the vast majority of the staff and Midas itself.”

Now, having increased their workforce to 65 with the recruitment of 15 more staff over the past 12 months, the firm is looking to recruit more staff – if it can find the right people.

Martin added: “If I could double our staff numbers whilst retaining our outstanding quality levels the business is out there for us to double our turnover too, I’m very excited about the future of Midas.”