In the year ending 31st January 2015, Lakesmere鈥檚 turnover reached 拢95.6m, an increase of 11% from the 2014 figure of 拢86m.
Pre-tax profit was up 23% from 拢1.99m to 拢2.44m. It was Lakesmere鈥檚 best trading year to date and there looks like more to come. This year turnover is expected to exceed 拢100m and reach 拢130m in 2017.
The strong performance has been underpinned by work in the major glass facades market, where demand has been fuelled by a recent high-rise building boom in London and other cities. Lakesmere said that its integration of McMullen Facades, acquired from administration in 2012, had established it as the only UK-based company able to offer the full range of building envelope services, including manufacturing. McMullen itself is the only UK-based specialist fa莽ade contractor currently delivering high-rise facades to projects of 40 storeys, it said.聽
Chief executive Mark Davey said: 鈥淭he Lakesmere Group has had another good trading year. We recorded our highest ever level of income, took further actions to expand our presence overseas and continued to invest in our manufacturing and infrastructure support systems to manage growth in all areas of the business.鈥�
聽鈥淲e continue to adopt a prudent approach to our work and we continue to maintain strong cash reserves to sustain the business and fund investment for growth.聽 This strategy has seen positive returns across the business and expansion into new markets at home and overseas.鈥�
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