Shaylor turnover tops £100m
Shaylor Group has filed its accounts for 2016 and they show turnover breaking past £100m for the first time.
The Midlands construction contractor generated turnover of £101m for the year ending 30th September 2016, up 25% from £81m the previous year.
Pre-tax profit was up 47% from £3.2m in 2015 to £4.7m for 2016.
The company’s strategy is to focus on repeat business and framework activities. It is currently mandated to close to 30 framework agreements nationwide with clients including the Ministry of Justice, the Royal Parks Agency, Central England Co-operative and HMRC Estates.
Chief financial officer Paul Hooper-Keeley said: “We are incredibly proud to have continued strongly on our upward trajectory with significant top and bottom line growth. This reflects our clients’ confidence in our operating standards and we anticipate another record breaking year ahead, with our current order book reflecting over £210m that will contribute in excess of £150m revenues for the period.”
Chief executive Stephen Shaylor added: “Our strategy of planned and managed growth whilst building a resilient business geared around strength and probity continues to yield results. We have aligned our business practices and resources to deliver an outstanding quality product and I am confident of further building on our success in the year ahead.”
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This article was published on 23 Mar 2017 (last updated on 23 Mar 2017).