Turnover hits £70m at building envelope contractor
BUILDING envelope contractor FK Group has seen turnover reach £70.5m, as it prepares for ‘challenging conditions’ after the referendum.
The Altrincham-based business’ turnover increased 52% on the previous year (£45.8m), to the end of March. Gross profits were £15.1m for the year, an increase of 46%, while profits before tax were up 59% to £3.3m (2015: £2.08m).
The company, which employs 140 staff, opened its sixth UK office in Newport, South Wales during the year, as part of plans to stamp its presence on the South and South West.
Meanwhile, its international office in Dubai recently secured £7m of new work, including a £5m project at Al Maktoum International Airport.
Francis Keenan, chief executive of FK Group, said: “With confidence back and projects moving forward, the last 12 months have seen significant growth and we were prepared accordingly, ensuring we had the skills to deliver.
“Year on year, FK has continued to grow within the building envelope sector. We are preparing ourselves for challenging conditions after the recent referendum, but we are fortunate to have developed and maintained relationships with some of the industry’s biggest names, with whom we have a strong forward order book and defined long term pipeline.”
FK Group works with some of the biggest names in the construction industry including Carillion, Buckingham Group, Laing O’Rourke, McLaren, Bowmer & Kirkland and Gazeley.
