The Dunne Group is set to double its revenue in 2012 after winning contracts on major projects, its group operations director has told CNPlus.
The Scottish building contractor - which specialises in reinforced concrete substructure and superstructure work - reported £29.4 million turnover for the year to 31 October 2011 this week with pre-tax profit of £1.7 million, up from an £83,000 loss a year before.
It secured a £35m concrete package on the 100 Bishopsgate tower project in the City of London, a Brookfield and Great Portland Estates scheme yet to get underway. Concrete, sub-structure and super-structure works have started at the new Southern General Hospital in Glasgow with lead contractor Brookfield, with the contract pipeline scheduled to run well into 2015.
Kevin Graham, group operations director, told CN that a 3-year secured workload means the group is on track for £60m revenue.
He said it comes after the company was able to take stock and focus on relationships with a smaller number of large clients, rather than chase turnover.
“The recession came along for us all, but it gave us a good chance to consider where we (at Dunne) are going,” he said.
Mr Graham said he expects to see a boost in London residential, though Scotland still remains the mainstay of the business.
The firm – which also has regional offices in Leeds and Manchester and is seeing staff numbers in London up from 40 to 150 – will be taking on more workers in the capital as it secures more projects. It also employs up to 475 staff in Scotland.
Managing Director Gordon Dunne said “a critical element” of the financial performance was also down to re-investment in new equipment and infrastructure.