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In the year to 30 September 2009, pre-tax profit at the Essex-based firm rose from 拢914,178 to 拢2m and turnover jumped 36% from 拢50.6m to 拢68.8m.

"We鈥檝e had a good result because we ran the business in a much tighter way" Stuart Black, chairman

Stuart Black (pictured, left), its executive chairman, said: 鈥淚 couldn鈥檛 imagine a worse market, but we鈥檝e had a good result because we ran the business in a much tighter way in terms of our central and operational costs.鈥�

This has not included redundancies and average staff numbers have grown 56% from 157 to 245.

With regard to acquisitions, Black said the company was looking at a number of possibilities, with the focus on social housing repair and maintenance firms in London and the South-east.

He said: 鈥淲e won鈥檛 rush in or overpay for anyone and will only do deals where we think we can add some value. We have a very strong balance sheet and no borrowings.鈥� The company ended the year with net cash of about 拢5m.

Its recent social housing wins have included a five-year deal with the London borough of Camden worth up to 拢25m a year and a four-year deal with the London borough of Greenwich worth about 拢5m a year.

Black said the aim was to reach about 拢100m turnover in 2010 and that 85% of its workload was already secured. 鈥淲e are bang on plan in terms of our growth targets,鈥� he said.

The company also operates in the education market but Black said growing turnover would not be a problem despite the uncertainties over public sector spending.

鈥淲e can鈥檛 do anything about the cuts, but the fact is education and social housing will still be among the largest areas of spend and owing to our relatively small size we can still grow the business organically.鈥�