North Midland Construction sees profits soar

Revenues and profits have risen at Nottinghamshire-based North Midland Construction.

The firm has posted an operating profit of £2.24m for the year-ending 31 December 2016, with revenues also rising 15.1% to £250.5m.

John Homer, chief executive of the Huthwaite firm, said: “These results demonstrate the considerable strategic advancement made in the business over the last year. Progress is being made to strengthen the quality of the service that we provide to our customers. We continue to receive positive feedback on our operational performance from across our stakeholder base.

“There are positive signs of continued growth in our chosen market sectors. Our strategy is focused on realising the potential that exists for us to prosper through careful selection and execution of the work that we take on. Our forward order book is at 80% of this year’s budgeted turnover with a healthy pipeline of future opportunities visible.

“Our people are the overarching differentiator and the driver for our continued success. We will maintain our investment in the development of our talent pool.

“The outlook for our future trading remains positive and provides the opportunity to further improve the earnings from our operations.”