For the year to 31st March 2015, Osborne鈥檚 turnover dipped 4.3% to 拢311m (2014: 拢325m).
However, pre-tax profit was up 11.5% to 拢5.8m (2104: 拢5.2m), making it the company鈥檚 second consecutive year of record profits.
Osborne鈥檚 secured order book for 12 months (as at April 2015) has risen 22% to 拢242m from 拢199m in 2014. Year-end cash balance was 拢24.3m, marginally down from the 拢25.6m figure 12 months previously.
Chairman Andrew Osborne said that the profitability of the business 鈥渉as largely been driven by a very successful year for our Developments business鈥�.
He attributed the fall in turnover to delays in project starts in the company鈥檚 construction business. He said: 鈥淩ising supply chain prices led to pressure on budgets and projects were delayed while they were re-designed or additional funding was found. All other sectors saw a rise in turnover.鈥�
Group chief executive Andy Steele found a silver lining to this: 鈥淐ollectively our contracting businesses (Construction and Infrastructure) shrunk back by 11% in 2015. Whilst this was disappointing, it has protected the businesses from the significant price rises that contractors have faced from the supply chain during the period.鈥�
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