After posting 88% rise in pre-tax profit, chairman Kevin Taylor reveals intention to buy up struggling contractors

Kevin Taylor, chairman of McLaren Construction, has said the firm has an 拢18m war chest to buy struggling contractors.


City of Westminster College

Taylor, who founded the Essex-based company in 2001, was speaking after it posted an 88% rise in pre-tax profit from 拢1.7m to 拢3.2m in the year to 31 July 2009.

Last year the company bought a number of contracts from failed rival Verry Construction, including the 拢68m Westminster College job in London, for up to 拢810,000.

Taylor said: 鈥淭he Verry deal was typical of the sort of opportunity we are looking for and I am confident that this year will continue to see McLaren thrive both in the UK and overseas as we seek to grow the business and embed ourselves as the contractor of choice with our clients.鈥�

Turnover at McLaren was flat at 拢131m, although the figure next year is expected to be about 拢150m, which will include the Verry contracts.

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