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John Sisk & Son 2014 results show turnover up by 24%

John Sisk and Son saw pre-tax profit grow to £1.6m in 2014, while turnover rose by 24 per cent.

Operating profit rose to £0.6m in the year to 31 December 2014, up from £0.1m in its previous set of results, while profit before tax rose to £1.6m, up from £1.3m over the same period.

Revenue for the year was up 24 per cent to £343.8m (2013: £277.6m) but profit after tax fell to £1.3m from £2m, according to documents filed with Companies House.

In 2013, the firm recovered nearly £0.8m in deferred taxes, which boosted profit after tax to £2m.

But in its 2014 results, the company paid £0.3m in tax on its profit, meaning profit after tax for the year stood at £1.3m.

Employee numbers rose to 515, up from 424 last year.

The firm also paid out exceptional costs of £121,391 for redudancy payments in 2014.

Major contract wins in the period included a £120m deal with housing association Peabody for the first phase of is £120m regeneration of the St John’s Hill estate in Clapham Junction.

Other deals included a £40m contract for improvements on the A19/A1058 Coast Road in North Tyneside, in a joint venture with Lagan Construction Group, while it is also bidding for High Speed 2 work, again partnering with Lagan alongside Spanish contractor Acciona.

The company appointed former Kier COO Steve Bowcott (pictured) as its managing director in July this year, replacing Garry Crabtree.

Sisk’s out-of-court settlement with hotel developer Shangri-La, following a dispute over the fit-out of a five-star hotel in the Shard, is not reflected in its 2014 results.

The company was ranked 42nd in this year’s CN100.

 

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