In the year to 31st July 2017, McLaren Construction saw its turnover grow by 拢119.8m to 拢600.3m. Over the past five years the company has now grown at an average rate of 9.8% per year.
Operating profits in fiscal 2017 were 拢4.4m, up from 拢3.6m for the previous year, and gross margin increased from 5.3% to 5.6%.
The forward order book indicates that turnover will again top 拢600m this year.
Chairman Kevin Taylor said: 鈥淭he outlook for McLaren Construction in the UK and internationally is positive, and the business is now strongly positioned to grow and further enhance its position as one of the industry鈥檚 leading privately-owned construction companies.
鈥淲e have not detected any distinct slowdown in either business or enquiries since Britain voted to leave the European Union. In fact, in those situations where we had anticipated contracts being cancelled or delayed, clients have chosen to proceed. Of course, in light of industry-wide economic concerns, we鈥檒l remain cautious for the longer duration.鈥�
He added: 鈥淲e forecast continued growth in turnover whilst remaining selective on the contracts we undertake. We remain focused on our core operating sectors whilst selectively reviewing opportunities in new markets.鈥�
Current building projects include an 拢18m office development for Grosvenor Estates and a 拢40m commercial building for Viridis Real Estate at 119 Farringdon Road. McLaren also has a 拢48m contract to refurbish and fit-out of New Bracken House in the City of London for the Obayashi Corporation, delivering a new London HQ for the Financial Times.
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