Regional builder sees double-digit hike in turnover
Regional builder Stepnell saw profit and turnover both head north last year.
The Warwickshire-based contractor, which earlier this year hired the former boss of Bam鈥檚 UK construction business as a director, said pre-tax profit jumped to just over 拢2m in the year to March 2018 from 拢787,000, while revenue was up 15% to 拢146m.
The firm works on schemes in central and southern England and during the period opened a new office in Southampton.
Stepnell joint managing director Tom Wakeford said: 鈥淒espite general market uncertainty, Stepnell has had a good year with the business securing more profitable, high quality projects and expanding our geographic reach.鈥�
In its report and accounts filed at Companies House, the firm added that 鈥渨ell documented problems with some national contractors as well as the demise of some regional competition have also provided opportunities鈥�.
The firm, which carries out jobs with a value up to 拢30m, is currently working on a new 拢9m technology building for Nottingham Trent university and is expanding the students union building (pictured) at Leicester university under a 拢12.5m deal.
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