Family-owned contractor also reveals it has new chairman 

Bowmer & Kirkland saw its margin drop by 1.1% as its turnover marched closer to the 拢1bn mark in the year ended 31 August 2018.

The Derby Arena contractor, one of the country鈥檚 largest family-owned construction firms, saw turnover increase by 拢10m to 拢938m but pre-tax profit dropped 15% to 拢54.5m.

It lost 拢2.8m on the disposal of Decatur Electronics, a US-based firm specialising in speed guns.

The group鈥檚 overall margin for the year, which includes its operations in construction, development and building services, stood at 5.8%.

But the value of its net assets increased by 拢35m to 拢436m, while its end-of-year net cash position rose by almost 拢95m to 拢409m.

In its accounts, B&K also confirmed it had a new chairman, Jack Kirkland, with his father John and uncle Robert having stepped down on 1 January this year after spending 52 and 45 years respectively working for the business.

According to this year鈥檚 Sunday Times Rich List, the Kirkland family is worth 拢585m.

B+K northampton

A new waterside campus for the University of Northampton was finished by Bowmer & Kirkland last year

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