Barr turnover grows nearly 50%

18 Aug 11 The £48m contract to build the London Olympics basketball arena helped Scottish construction group Barr Holdings grow its turnover nearly 50% in 2010.

Barr’s 2010 turnover grew to £253.8m, up from £170.6m in 2009 and even beating the £294m of the peak year 2007.

Major contracts to build supermarkets for Tesco and J Sainsbury also helped swell the coffers.

Pre-tax profits for 2010 were £2.8m, up from £1.3m in 2009, though the latter figure included £1.2m of restructuring costs.

Headcount shrank during the year from 740 to 702.

Barr was acquired by Northern Ireland’s McLaughlin & Harvey in 2007 and subsequently transferred to sister company Trench Holdings.

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