BOSSES at a Huthwaite-based construction firm are celebrating this week after seeing their pre-tax profits leap by more than 10 per cent.
North Midland Construction’s results for the first quarter of the year showed an upturn in revenue of 34 per cent to £51m.
For the four months from 1st January, the company, based on Nunn Close, said pre-tax profit rose 10.6 per cent to £620,000.
And the company says secured projects set to be completed within the current financial year will bring in around £152m
All the construction divisions within the company reported profitable performances, including the Nomenca subsidiary, which secured a pre-tax profit of £260,000.
Although the company’s building subsidiary made a loss of £250,000, the company says the fall in sales was because of delays on a major project.
In a statement, the company said: “Reimbursement is being sought through a significant claim, the result of which is yet to be determined.
“There is a major requirement for the subsidiary to secure workload, but the market is very depressed and extremely competitive.”
The history of the firm dates back to 1946 and in March it secured major contracts to transform Doncaster Civic Quarter and to expand the University of York.