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News » UK » Strong growth for FK Group » published 12 Jul 2016

Strong growth for FK Group

Cheshire-based building envelope contractor FK Group saw its turnover and profits both leap by more than 50% last year.

FK worked on the expansion of Manchester City’s Etihad Stadium’s South Stand for Laing O'Rourke Above: FK worked on the expansion of Manchester City’s Etihad Stadium’s South Stand for Laing O'Rourke

FK Group reported turnover of £70.5m for the year to 31st March 2016.  This is a 52% increase in turnover from the previous year (2015: £45.8m).

Gross profits were up 46% to £15.1m and pre-tax profit was up 59% to £3.3m (2015: £2.08m).

Over the past year, the company has opened its sixth UK office in Newport, South Wales. It now has more than 140 staff across its offices, up from 80 two yeasr ago.

FK’s Dubai office has recently secured £7m of new work, including a £5m project at Al Maktoum International Airport.

Chief executive Francis Keenan said: “We have continued to illustrate our capabilities in providing the complete building envelope solution. Clients’ confidence in our services and delivery has ensured we have been continually considered for major projects nationwide. We continue to invest significantly in new services and training.

“With confidence back and projects moving forward, the last 12 months have seen significant growth and we were prepared accordingly, ensuring we had the skills to deliver.”

 

MPU

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This article was published on 12 Jul 2016 (last updated on 12 Jul 2016).

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