Privately-owned building contractor Bowmer & Kirkland saw only modest turnover growth in the year to 31st August 2024 but profits surged.
Turnover was up by a below-inflation 4% to reach 拢1.29bn (2023: 拢1.24bn).
Pre-tax profit was up 29% at 拢68.7m (2023: 拢53.4m.)
Operating profit was up 45% to 拢35.4m (2023: 拢24.3m).
Net assets grew during the year to 拢632.7m (2023: 拢591.8m) and the cash balance also improved to 拢485.3m (拢2023: 拢458.8m).
Bowmer & Kirkland鈥檚 national coverage has also 聽been strengthened recently by the establishment of offices in Bristol, Cambridge and Glasgow.
鈥淲ith our strong balance sheet and excellent staff, we stand well placed to serve our clients, withstand difficult times and take advantage of opportunities that present themselves in the years ahead,鈥� said chairman Jack Kirkland.
An interim dividend for shareholders 鈥� the Kirkland family trust 鈥� of nearly 拢8.4m was declared by the directors at year-end. 聽The prior year interim dividend of 拢6.7m was paid during the year (2023: 拢10.1m).
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