“Despite the worst trading conditions I can remember in my 50 years in this industry, Breedon Aggregates continued to grow and prosper,” said executive chairman Peter Tom, the former Aggregates Industries chairman who created Breedon in 2010 with former Hanson director Simon Vivian.
Revenue for the year to 31 December 2012 was up 2.7% to £173.5m. Underlying operating profit was up 55% to £8.8m and pre-tax profit was £5.8m (2011: £1.4m).
Aggregates and readymix volumes were ahead in both England and Scotland, helped by acquisitions of Nottingham Readymix, Rothes Glen quarry and C&G.
Mr Tom said that although 2013 would be as tough as 2012, his company was positioned to cope.
"When we created Breedon Aggregates in 2010, we did so in the knowledge that we could expect little or no help from the construction market,” he said. “Our models were predicated on delivering real value if necessary through self-help alone. It is this approach and mindset which give us the confidence to anticipate another year of progress in 2013."
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