Demolition and civils outfit Keltbray has increased its turnover 15% to £145M.
The revenue figure, for the financial year ending 31 October 2013, is the highest in the 38-year history of the company.
Gross profit improved by 29%, while operating profit was “stable” at £2.6M, a statement from Keltbray said.
The Group’s cash position stands at £4M.
Keltbray employs around 800 people and has three business streams: Demolition & Civil Engineering, Rail, and Environmental Materials Management. Demolition & Civil Engineering, which covers around 66% of Keltbray’s business and includes piling, asbestos management, engineering design consultancy, haulage, and plant, increased turnover by around 12%. The firm is working on regeneration projects such as The Heygate Estate in London’s Elephant & Castle.
Keltbray’s Rail division, which covers around 30% of Keltbray’s business and includes overhead line electrification design-and-build plus rail engineering and civils projects, grew by 24% and was responsible for the company’s biggest turnover increase. Keltbray is delivery partner for ABC Electrification and Costain on a seven-year rail electrification framework contract.
Chief executive officer Brendan Kerr, said: “To meet increasing market demands, we invested £9M in new plant and assets in 2013. We also bolstered our human resources and training functions to manage our future skills and labour requirements effectively.
“In 2013 we also produced our first sustainable development report to record progress we are making in aligning our operations to include a greater awareness of our corporate social responsibilities.
“Our challenge for 2014 and 2015 will be to meet the widely reported skills shortages in our industry by widening the talent pool and continuing to build on our track record of attracting young people to Keltbray by offering good prospects, job security and a range of training and development opportunities.”