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Mon May 20 2024

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Shepherd grows 10%

5 Nov 12 Shepherd Group has reported a 10% rise turnover to £672m for the year to 30 June 2012, up from £611m the previous year and £527m in 2010.

Underlying operating profit was £25m, up from £24m the previous year.

All three divisions - Shepherd Group Built Environment, Shepherd Group Engineering and Portakabin Group – saw growth in the year.

Group chairman Alan Fletcher said: “Strong management aligned with quality products and services have ensured that the group continues to make steady progress against a very challenging market backdrop, driving the business for profit and value growth for the shareholders.”

As previously reported, in September the group secured a £50m funding deal from HSBC and Lloyds Bank.

Mr Fletcher added: "The completion of our business restructuring and the recruitment of new senior executive management continue to give confidence in the underlying potential of the group.”

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