Dawnus Construction has grown turnover by 75 per cent to hit more than £135m, after signifcant successes in both its UK and African businesses.
The company’s accounts for the year to December 2011 show that revenue hit £135.7m, up from £77.6m in 2010. Pre-tax profit quadrupled compared to 2010, to hit £12.5m.
Dawnus’ Africa business grew to 50 per cent of the total of the firm’s work in 2011, up frmo 23 per cent in 2010, with the remaining half in the UK. Finance director Tim Lowe said that the company’s order book is secured to “around 80 per cent of what we were looking for”.
The Swansea-based firm, which has extended its head office to double in size has focused on large civil engineering projects both in the UK and Africa. Projects over the year have included £24m of medical centre projects across Wales and the south of England, three buildings at the Tata steelworks in Port Talbot, a continuing contract for building maintenance and civils works at Trawsfynydd Power Station in North Wales, and the commencement of a new contract for maintenance and civils works at Wylfa Power Station on Anglesey.
Major projects in Africa included more than £100m of iron ore mining support works in Sierra Leone and a £12m infrastructure contract in Senegal which started in January.
Mr Lowe said much of the company’s work is in civil engineering and that this focus will continue in the forthcoming year. “There are more margins in civils, and bigger margins overseas, but they are much harder jobs to do,” he said.He added that the firm is aiming to keep the UK and African arms of its business evenly split.
Dawnus has invested heavily in equipment, havign had to provide the plant equipment, maintenance teams and spares for its African contracts. It employs around 650 people in the UK, with a further 1,100 employed in Africa.