The Antrim-based fit out and joinery firm enjoyed a wealth of orders, with an increasing demand in the 5* hotel and premium residential sectors in London.
These results show signs that Mivan's 2023 turnover will be over £70m, while they are also on course with a strategic growth plan to increase turnover to £100m by 2025.
Approximately 100 new jobs have recently been announced to support Mivan's continued expansion and the next phase of a multi-million-pound capital investment programme is also underway.
John Cunningham, Chief Executive of Mivan, said: "This strong performance is down to our clear strategy and a really exceptional team across the business and at every level. This has resulted in a high level of repeat business from the UK's leading developers, contractors, cruise lines, and superyacht companies. We have a healthy balance sheet, have diversified into a wide range of sectors and have developed an international reputation for our specialist fitout services.
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"It is great to see so many world-class developments being fitted out with bespoke joinery manufactured here in Northern Ireland. Our success is a credit to everyone in the business. As a result, we remain on target with our ambitious growth strategy and will continue to invest in our people and our facilities to the benefit of our customers and stakeholders."
Among the record order intake are a high-specification fitout project worth in excess of £17m for Multiplex for One Nine Elms, a multi-million-pound contract to refurbish and fitout Pearl Assurance House in the centre of Belfast, multiple contracts at Chelsea Barracks and a multi-million-pound contract for a 5* hotel in Mayfair.
The marine sector also remains buoyant. New projects include a £2.5m interior fitout of a 34-metre superyacht at Pendennis Shipyard in Falmouth.
Mivan has recently completed its latest contract on The World – the largest, private residential ship on the planet – to fitout its luxury apartments and public areas. Over the past 12 years, it has delivered around £20m of contracts on this one-of-a-kind vessel.
Mivan's commitment to investing in state-of-the-art technology for bespoke joinery manufacture at its 110,000 sq ft factory in Antrim continues. Its latest investment totals around £1m and includes the addition of new on line dryer for its automatic spraying equipment and a 6m five axis CNC machine, which will be installed by Spring 2023 to further improve capacity and efficiency.
Mivan has also invested heavily in digital construction technology and 3D modelling to enhance client engagement and collaboration in the design process, streamline manufacturing, and facilitate site installation.
