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Sustainable Growth Achieved for 4th Successive QuarterApril 7th, 2014
Q2 results for financial year 2014 confirm sustained growth for the 4th successive quarter.
As opportunities in the construction industry continue to improve, turnover has exceeded £250k for the 14th successive month providing a sustainable platform for growth and development. Profit margins remain competitive as the industry returns to pre-2007 output levels but all indications show there are realistic potential for financial improvement in the industry. Targeted year-on-year growth of 15% per annum to 2017 remains strongly on track.
Managing Director Steve Openshaw said “We’re not shouting it from the rooftops as margins remain competitive but the growth potential in the industry is becoming a reality. Each week new opportunities are presenting themselves to the business. The key is to achieve sensible growth and ensure it remains self funded and sustainable, currently that means being selective with our order book and making sure risk adversity is low and commercial opportunity is strong.
The support of an experienced Chairman promotes that ethos and allows it to concentrate fully on the core product. We’re hitting our growth targets so we don’t need to blindly chase turnover; being strong and self sufficient allows us to concentrate on delivering a quality product to our customers”.