A specialist fit-out contractor which has worked on the Savoy, Battersea Power Station and the Houses of Parliament has reported another year of record results.
Management at EE Smith Contracts – which marked its 125 th anniversary last year – said it had a turnover of £75.1 million in the year ending March 31. That was up more than a fifth from £61.5 million.
Managing director Neil Bottrill said profits had also returned to pre Covid-19 levels despite the cost inflation on – now completed – fixed price contracts. Pre-tax profits were almost £2.8 million, up from £1.2 million.
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The business employs more than 300 people at its headquarters in Leicester and in recent months has added 18 new apprentices to its ranks during the financial year with its training programme achieving a fourth consecutive placing in the annual top 100 list of 海角视频 Apprenticeship Employers.
Recent contracts have seen the team work on prestigious developments including the Peninsula London hotel alongside Hyde Park Corner and Wellington Arch, and two “super-prime” London residences.
Mr Bottrill said: “When viewed against the continuing headwinds of material and labour inflation, as well as huge increases in energy costs, this last 12 months has been a financial success and one to be very proud of.
“We have had the pleasure, and challenge, of carrying out work in what can only be described as the very pinnacle of the super-prime fit-out market, both in the residential and hotel sector in London.
“This underlines the fact that our skillset, drive and attention to detail continues to attract the elite of the fantastic industry that we are in.
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“Our apprentice programmes continue to prosper and are producing excellent results. We are actively producing our next generation of highly skilled joiners, supervisors and managers. Our schemes continue our underlying philosophy to ‘train and retain’ our skill base because our workforce will always be our greatest asset.
“We have a promising year ahead with the excitement of handing over the largest project in our history at The Peninsula London hotel this summer, and we will also be starting work on some phenomenal new schemes which complement our existing portfolio.”
EE Smith Contracts finance director Neil Simpson said the business had continued to invest in its facilities and staff to maintain the best levels of service.
He said: “With the challenges of Brexit, the pandemic and Russia’s invasion of Ukraine over the last five years, we have seen an extended period of uncertainty for 海角视频 industry.
“The strength of our markets, our continuing focus on client satisfaction and our relentless hands-on approach have allowed our business to grow significantly in size and capability against this testing backdrop.
“Due to high client satisfaction, we have a continuous stream of new business prospects from previous clients or their professional advisors.
“The company is well set to continue to grow in the coming years, having retained surplus profits and further strengthened our robust balance sheet.
“I am excited to see what the business can deliver once freed from the external challenges.”