FMJ Facilities Management magazine providing industry-specific intelligence to FM and property professionals
FM company Q3 is has reported another successful year’s trading, marking its sixth year of successive growth according to its 2023-24 annual accounts. During this period, the combined UK and Channel Islands business has met all its operational and financial KPIs, in relation to turnover, gross margin, profit and EBITDA.
Q3 secured several substantial new contracts and contract extensions in the twelve-month period, including Fort Cumberland (Historic England), the Gateway Academy in Westminster, video game developer, Double Eleven and an extension to the nationwide IFM contract with Maximus. A new island-wide cleaning contract in the education sector in Jersey, has similarly boosted the company’s operational presence in the Channel Islands.
The company has revenues of more than £20m, and for the first time, finds itself operating amongst the Top 50 UK FM companies. A recent move to a new head office facility near Reading will accommodate this expansion and satisfy anticipated, future growth ambitions. Despite this rapid company expansion Q3 also continues to make great strides towards achieving its Net Zero target, with reported CO2 emissions in 2024 reduced by 65 per cent over the previous year.
Commenting on the results, CEO Martyn Freeman, said, “I am delighted with our progress. We established Q3 to operate on the principle that Quality People, will deliver Quality Services to create Quality Workplaces. It’s a sustainable business model that has underpinned our approach and allowed us to continue our successful record of growth, year-on-year. If we continue to attract new clients and retain and enhance existing contracts on this scale, we will realise our ambition to establish Q3 as a major player in the UK facilities market.”
