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Fred Done's developer Salboy reports solid results ahead of work starting on Gary Neville's 40-storey tower

Salboy recently hit the headlines when it bought the former Boddingtons Brewery site in Manchester ahead of a £195m project

Relentless hired Salboy to build the 40-storey tower at its St Michael's scheme in Manchester city centre

The developer co-founded by Betfred's Fred Done has reported a solid set of results for its latest financial year.

Salboy, which is headquartered in Cheshire, has posted a turnover of £30.2m for the 12 months to March 31, 2022, compared to the £31.5m it reported for the prior year.

Its pre-tax profits also remained stable to £3.2m, according to newly-filed accounts with Companies House.

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Salboy recently hit the headlines when it bought the former Boddingtons Brewery site in Manchester ahead of a £195m project.

In June 2022, it entered into a partnership with Gary Neville's Relentless Group to build a 40-storey tower at its St Michael's scheme in Manchester city centre. Work is expected to start on site this month.

A statement signed off by the board said: "Over the financial year the group has continued to grow.

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"The developments have progressed throughout the year although due to the pandemic some delays have occurred but have not significantly affected any developments.