For the year ending 31 January 2014, turnover reached 拢231m, up from 拢183m the previous year, which was a new high for the 77-year-old company then.
Pre-tax profits rose 5% from 拢6.0m to 拢6.3m.
Group chief executive Stephen Martin said: 鈥淲e have substantially increased turnover, improved pre-tax profits, generated excellent cash balances and further strengthened our balance sheet.鈥�
The construction division grew turnover 40% to 拢136.7m from 拢97.5m. This is the third year running that Clugston Construction has grown by more than 30%. This success is attributed to 鈥渁 combination of adhering to a selective bidding strategy and effective project management, with robust risk control procedures鈥�.
Clugston has also remained focused on core sectors such as energy from waste, where it has achieved a market leading position through its joint venture with French process specialist CNIM. During the year the partnership secured and started work on big incinerator projects in Leeds and the northeast, bringing to eight the number of schemes to be jointly delivered.
Clugston Construction also continues to win work in the health, education, and industrial sectors. In addition, during 2013, the division opened a new regional business in the West Midlands.
Clugston Distribution Services, the logistics division, had a 21% increase in turnover from 拢10.9m in the previous year to 拢13.2m.
Clugston鈥檚 property division also performed well, seeing significant signs of recovery in a number of sectors. A new joint venture has been entered into with Park Row Ltd to acquire a 26,000 sq ft prime office block located on Park Row in Leeds. The property has now been let on a 15 year lease to the University of Law.
Mr Martin concluded, 鈥淒uring the past year we have continued to successfully deliver services and projects to our established customers and further build on our expertise in key sectors. We now have solid foundations on which to continue to develop. Whilst we believe 2014 will continue to be challenging, with our main markets still remaining highly competitive, we remain confident for the future.鈥�
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