Bowmer & Kirkland made a pre-tax profit of 拢73.1m for the year to 31st August 2019, an increase of 34% (2018: 拢54.5m).
Turnover was up 17% on the previous year to 拢1.1bn.(2018: 拢938m).
Property development through the Peveril Securities arm and work with joint venture partners made a significant contribution, said chairman Jack Kirkland. 鈥淥ur strong cash position enables us to act quickly and we continue to seek out equity funding opportunities.鈥�
He continued: 鈥淥ur construction companies again performed well in all sectors and in all regions.鈥�
In his statement in the company鈥檚 report, he concluded: 鈥淎s I write this, the lockdown that the coronavirus pandemic necessitated is beginning to ease; it is still too soon to tell how large an impact there will be on the markets in which we operate but I am confident that with our exceptional staff and sounds balance sheet we are in a strong position to withstand any challenges and take advantage of any opportunities in the coming months and years.鈥�
Got a story? Email news@theconstructionindex.co.uk
