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Dawnus doubles turnover

FINANCE

THE TIDE is turning in favour of contractors adopting direct employment, according to burgeoning Welsh contractor Dawnus.

The business was formed in 2002 out of the ashes of Taylor Woodrow's old Welsh civils arm but turnover has rocketed from an initial £2 million to £31 million last year - double that achieved in 2004.

Financial director Brian Dalling said: 'We took over contracts in north Wales last year from Butterley Construction when they went down.

'We looked at the market and clients are crying out for contractors that employ people rather than just manage them.

'The day is coming when companies that don't employ people will not be able to do this sor t of work any more.'

Dawnus, which virtually doubled pre-tax profits to £755,115, initially focused on civils but expanded into the industrial and residential sectors.

Dawnus, which employs 250 directly, operates out of Swansea but has established a garrison in Bangor on the back of the Butterley deal and another office in Exeter, which recently won a £10 million job.