Greater Manchester-based Bardsley Construction achieved a 33% increase in turnover as it diversified its workload and delivered some prime city centre developments.
In the financial year ended 31 December 2017, the family-owned business saw turnover hit £68.3m, up 33% from £51.4m in 2016.
Bardsley generated a pre-tax profit of £1.1m in 2017, operating profit of £1.17mand gross profit of £4.2m, up from £3.6m in the previous financial year.
In his strategic report on the financial year, managing director Paul Strutt said Bardsley had “traded well” in 2017 and continued to benefit from a strategy to spread risk by diversifying into the delivery of schemes across public sector, student accommodation, private residential, private rented sector (PRS) and the leisure sector.
Bardsley was on course for a “healthy” 2018 with a pipeline of secured contracts worth more than £60m and a further £12m due to convert to secured status by June.
Strutt said: “The business is now regularly competing for projects in the midrise market and for contracts of £20m or more and this is evidenced with Bardsley currently having a number of major projects in the heart of the city centre in Manchester and Liverpool.
“Private developers react quicker than public sector but strategically as a business we will remain minded to keep the balance of public and private sector in the right proportion.
“Whilst there continues to be delays in contracts starting on site driven largely by the planning process, there is also a general unease and uncertainty of what is around the corner in macro-economic terms.”
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