For year to 31st January 2020, Winvic saw turnover reach a new high for the company at 拢686m, up 9% on the previous year鈥檚 拢628m.
However, pre-tax profit fell by more than 50% to 拢9.4m, compared to 拢20.3m the previous year.
There was net cash at year-end of 拢85.7m.
The big shed specialist with a growing presence in build-to-rent and student accommodation construction markets is confident about its future prospects, even though this year鈥檚 turnover is expected to be a little lower at around 拢650m.
The directors said: 鈥淭he group鈥檚 prospects look very positive for 2020 and beyond with a forward order book of 拢904m.鈥�
Most of the order book (拢680m) is in the industrial market, with 拢125m for multi-room building projects (build-to-rent flats and student halls).
In their annual report, the directors continued: 鈥淥ur drive to attract high performing, talented individuals will ensure we sustain our enviable record of project delivery to industry leading standards whilst upholding outstanding safety records.
鈥淲hilst there remains a lot of uncertainty in respect of Covid-19, the company is confident that with the benefit of their secure and proven supply chain, loyal and excellent employees and strong balance sheet they are in a good position to ride out any future challenges.鈥�
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