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Fri September 20 2024

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Strong year for Blu 3

12 Jan Kent-based civil engineering contract Blu 3 saw 63% turnover growth last year.

In the year to 31st March 2023, Blu 3 (Holdings) Ltd turned over 拢151.3m, compared to 拢92.9m the previous year.

Pre-tax profit improved to 拢6.6m (2022: 拢2.7m).

Of the 2023 turnover, 拢73m came from the UK and 拢78m came from the rest of Europe. In the previous year the split was 拢72m UK and 拢21m rest of Europe.

Blu 3鈥檚 growth has been in large part driven by data centre work, a sector in which it specialises.

鈥淓quipped with a robust and sustainable business model, we are poised to leverage our distinct low-risk, capital-light and high-quality operational framework to seize growth prospects across our target markets,鈥 chief executive and owner Danny Chaney wrote in the annual report.

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