Millbrook Healthcare has shared plans to double its turnover by 2024, supported by the roll out of several “ground-breaking” projects.
Speaking exclusively to AMP, CEO Phillip Campling said the company is currently turning over around £125 million and plans to grow this to £250 million over the next two to three years.
The news follows the takeover of Millbrook Healthcare by Cairngorm Capital in July 2019.
“The Croll family decided to sell their shares in 2019 and in July 2019 a private equity firm became the majority shareholders. What that’s brought is a fresh insight into building services and a real commitment to invest, and I mean heavily invest, in systems, people and our processes,” Campling said.
“Our strategic direction is to achieve significant profitable growth over the next two to three years. Some people might say ‘why have you got financial goals as part of your strategy?’ Well, for us, it’s important because it means we can continue to invest in our people and our processes. Importantly, that means we can make a bigger impact on more people’s lives, and that’s what our whole strategy is built on,” he added.
To support its growth, Millbrook Healthcare is on the cusp of rolling out several multi-million pound projects.
Campling explained: “We’re just rolling out a new end-to-end system for our community equipment services, which we believe will be quite ground-breaking when it comes on the marketplace.
“It’s a fantastic tool for prescribers to use, but also our teams to be able to manage services in a different way.”
Ecommerce is also an area of growth for Millbrook Healthcare, according to Campling.
He said: “This year we’ve got a multi-million pound investment going on around this, which we hope will launch during 2021. We are looking to be quite ground-breaking when that comes to the marketplace and we feel that there is a gap in the market for the solution that we will bring.”