Earnings up 20% at Strategic Team Group

STRATEGIC Team Group, the construction and property services firm, has increased profits by almost 20% and is planning to grow its network of offices.

The company, which is headquartered in Castleford, West Yorkshire, but has an office in Stockport, saw annual revenues for the year to March 31 rise by 17.4% to £54.6m, with profit up to £2.4m.  

Managing director Andy Watson said: “Strategic Team Group has weathered the tough economic climate, delivering yet another year of solid financial results. We have continued to grow, invest and develop in all our core business areas.

“We are well positioned for the future, with a strong order book for the coming financial year and we are exploring the potential to expand on our existing office network, to provide clients with even greater coverage.”

The group secured several new framework agreements in both the public and private sectors, which contributed to its results.  

Other highlights range from the commencement of work on the firm’s first major care project in Tewksbury (£4.7m) to the expansion of service lines to include energy efficiency technology and land inclusive developments.  

Twenty jobs were created over the year, bringing its total workforce to more than 220. Strategic Team Group provides a range of services to the property industry, including design and build, refurbishment, fit-out, maintenance and renewable technology.

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