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Leadbitter turnover jumps 22pc

Turnover at Leadbitter jumped 22 per cent in the 12 months to 31 December 2008, the firm revealed today.

Leadbitter said turnover reached £323 million uo from £264 million the previous year. Pre-tax profits increased 8.5 per cent to £10 million from £9.2 million the previous year.

And despite difficult market conditions the Leadbitter Group is forecasting a similar performance for 2009.

Leadbitter has recently been named preferred contractor on a cluster of forthcoming projects such as Phase 3 of Oxford Brookes University’s expansion of the Marston Road site, Archbishop McGrath Catholic Comprehensive School and Hartridge High School in South Wales, the Kent Schools PFI, Dunboyne Care Home in Torquay and the Old Town Dock housing scheme in Newport.

These projects alone equal over £95 million of new work.

Leadbitter chief executive Bob Rendell said: “Whilst the next few years will be extremely challenging for the construction industry, I am confident that our excellent experience across a wide range of sectors, both public and private; our presence on key frameworks and, most importantly, our reputation as a Client focused quality contractor will ensure our continued success.

“As a market leader in the provision of affordable housing and decent homes programmes, we will continue to expand this significant area of our business, whilst also placing additional focus on our presence in the sectors of leisure, hotels and high quality commercial space.”

The group is a top 10 UK contractor in the social housing, education and leisure sectors.

It operates from a network of 10 offices throughout southern, central and eastern England, London and the Home Counties, South-west and Wales, covering more than 50 per cent of the UK.