News Clugston Construction Announces £25m Profit

Privately owned building and civil engineering contractors Clugston Construction, which has offices in Leeds, Scunthorpe and Hebburn Tyne & Wear, has announced annual results for 2011/12 which show a significant turnaround in performance from the previous year, with a pre-tax profit of £2.5m.

While turnover has increased by 34% from £54m to £74m.

The company, part of the privately owned Clugston Group, which also has interests in logistics and property, has made inroads into the sustainability sector securing three major Energy from Waste (EfW) contracts.

The projects, in Lincolnshire, Staffordshire and Oxfordshire , are progressing well in conjunction with joint venture partner Constructions Industrielles de la Méditerranée (CINIM) with whom Clugston are also at preferred bidder stage on a further three large EfW schemes.

These will contribute to the company’s significant forward order book, which also includes contracts from key customers in the industrial sector, education – where Clugston recently won its first scheme under the national Partnership for Schools framework – and its recent success in growing its facilities management business.

Steve Radcliffe, Clugston Construction’s managing director, commented: “We are extremely pleased with these results, which we are aware run counter to the general construction market place as it still remains depressed. The results have been achieved thanks to a lot of hard work by our entire team and sticking to our strategy of developing a responsive value for money service from our regional offices, whilst developing our expertise in the growing waste reduction and renewables sector.

Clugston Construction is – as part of the Clugston Group which this year is celebrating its 75th anniversary – looking to raise £75,000 for worthy causes. Ten charities – chosen by the Group’s staff – will benefit from the fundraising efforts, which include conquering the Yorkshire three peaks and cycling from Lincoln to Boston.

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