Britcon, the Scunthorpe-based provider of building, civil engineering and steelwork solutions, has reported turnover of £45 million for 2017, a 4.5% rise on the previous year.
These latest results consolidate the near 30% growth in turnover seen between 2015 and 2016 as well as producing a 67% increase in net profits.
The business attributes much of its ongoing success to growth in the energy and renewables sector. This is supported by the traditional markets of industrial and commercial construction as well as infrastructure.
Key projects for Britcon in 2017 include the completion of a £32 million anaerobic digestion plant in Dagenham London for ReFood and a £2 million Marine Control centre in Grimsby for ABP.
It has also delivered a new £4.2 million state of the art office Building for North Lincolnshire Council and Ongo Homes with a further £5 million extension and refurbishment to existing Council offices now commenced.
MD Paul Clarkson said: “We are pleased to report that Britcon continues to maintain steady growth in turnover despite the uncertain economic climate.
“Into 2018 we continue to see increasing profitability in the business as we consolidate and invest further with deliberate focus on key growth areas including renewables, energy, and Infrastructure whilst maintaining our traditional markets.
“We have a healthy forward order book for 2018/19 and forecast an increase in turnover for 2018 at around 6% with further net profit growth.
“We will continue our investment programme to support business growth as Britcon consolidates and benefits from a deeper knowledge of its repeat business markets.
“We have also made considerable improvements to operational systems and staff development and training over the last 3 years including a health and safety behavioural change programme, mental health awareness and extensive digital construction training around BIM.
“Growth of the team at our regional office in Wakefield has contributed significantly to contract successes and our structural steel division “Britcon Engineering Services” maintains steady trading with notable contract wins for BASF and its long-standing relationship with Network Rail through its programme of infrastructure investment.”