Pretax profit at concrete products supplier FP McCann has surged by more than 50% for the year to December 31 2016.
The good news comes in the wake of its deal to buy Laing O’Rourke’s concrete factory at Uddingston in Scotland.
Latest accounts filed at Companies House by the precast specialist, reveal that for the year ending 31 December 2016 pretax profits leapt 55% to £19.1m from £12.3m, while revenue rose 35% to £226.9m from £168.7m the year before.
Employee numbers also increased over the year at the Northern Ireland-based firm by 28% to 1,319.
Family-owned FP McCann is one of the UK’s biggest manufacturers and suppliers of precast concrete products. The company has 12 manufacturing facilities in the UK from Cambridgeshire and Gloucestershire to Cheshire and Alnwick.
A strategic report filed with the accounts said: “The continual improvement in construction and construction-related demand, including joint venture projects, has had a positive impact on company turnover.”
The report added: “The directors believe that the acquisitions undertaken over the last few years have contributed to a well-diversified portfolio of products and services, and our increased geographical spread of opportunities allows us to capitalise on new infrastructure opportunities.
“The directors also believe that continual investment to develop new markets and further increase the skills base within the group will provide for sustained growth in the medium term.”
