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IDM is getting into hotel fit-outs. That is not too surprising: the firm has always coupled growth with diversification. What is more noteworthy is that it is going to be picky about the work that it accepts.

Garry Reynolds, director and co-founder, says: 鈥淗otels will be our next area, but we only want to do high-quality stuff at the front end, like reception areas, cafes, bars and restaurants.鈥�

Setting criteria for the type of work you will accept in a market you have yet to enter may sound arrogant, but Reynolds and fellow director and founder Peter O鈥橞rien feel they have every right to be confident.

First, their business is doing well. IDM, which they set up 10 years ago, posted a 50% increase in pre-tax profit to 拢300,000 on turnover of 拢38m for the year ending 30 June 2006. Second, fit-out is presently a sellers鈥� market.

O鈥橞rien says: 鈥淭he market is overheated. Just 24 months ago we were chasing work, but now we don鈥檛 have to. We have a choice of what work we take on and, in some cases, we say no.鈥�

This demand is being underpinned by the general strength of the British economy, and that policy of diversification means that IDM can pitch for work in the office, residential, retail or leisure sectors.

Finance is particularly hot at the moment: investment banks are spending millions on refurbishment after pocketing huge fees from mergers and acquisitions. The recovery of the office market is well under way and even the retail market has come out of its slump.

鈥淩etail is coming back,鈥� Reynolds says. 鈥淧eople are rebranding and they are more bullish about the market.鈥�

We only want to do high-quality stuff at the front end

Garry Reynolds , IDM director

IDM only started pitching for retail and leisure work two years ago, but it has picked up a number of high-profile clients, including celebrity chef Jamie Oliver鈥檚 Fifteen restaurant in London and the American doughnut chain Krispy Kreme.

Recently, the company moved into healthcare and education. One project was a gaming and internet space for a north-west London school. Design ideas from the pupils were incorporated and it was built over the six-week summer break.

The booming fit-out market has undoubtedly aided them, but Reynolds and O鈥橞rien are keen to prove that a strong economy is no guarantee of success. They mention fit-out companies that have gone into administration, including Bellwater, Curzon Interiors, Spectrum, Benson Interiors and The Pel Group.

鈥淥thers chase turnover. We chase business relationships,鈥� says Reynolds. 鈥淪eventy-two per cent of our clients are repeat business.鈥� O鈥橞rien expands on this: 鈥滷inancial stability and staff quality are the two most important things for us. Our staff are our business.鈥�

Staff numbers have shot up over the past 12 months. IDM employs 50 people 鈥� a 20% increase since last year. Its workforce is expected to expand by a further 10% this year, and it is about to rent more space in its south-east London office to accommodate the growth, but in the long-term it will have to move to bigger premises.

Although based in London, IDM鈥檚 work across the country. Reynolds and O鈥橞rien have toyed with the idea of opening a second office, but are not yet convinced it would be beneficial. 鈥淲e work across the UK so if we wanted a new office where would we put it?鈥�

The founders鈥� keenness to take on challenges begs the question of whether they will be pitching for Olympics work. Reynolds agrees the Olympics is a good thing but he has an ulterior motive. 鈥淚t鈥檚 good because people are out chasing Olympics work and that means we can look at everything else 鈥︹��

IDM won the decoration specialist category at 好色先生TV鈥檚 2005 Specialist Contractor Awards. This year鈥檚 event takes place on 21 November at the London Hilton hotel.