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Bullivant voices its concern over debts

Piling firm Roger Bullivant has admitted it is concerned about rising debts at the group, which increased by nearly £3M last year.
In a statement accompanying its latest annual results filed at Companies House, the firm said: "Debt collection is a key risk to the company. This is controlled and reduced by obtaining credit reports on customers, extensive monitoring and reporting of the collection of cash, and appropriate action in the event of defaults."

Debts went up 11% in 2006 to £26.3M.

In the 12 months to 29 October last year, the firm saw turnover nudge up £9.5M to £112.6M, while pre-tax profit inched up just over 1.5% to £2.35M.

The overall wages of the firm’s 1000 employees went up £2.5M to just under £31M, reflecting a 13% increase in the number of staff on its payroll.

The salary of the highest paid director, un-named, more than doubled, rising 124% to £465,000.
Bullivant’s results do not include its £29M turnover business Buchan Concrete Solutions, which the company bought from Amec in spring 2007.

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