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Fit-out firm's turnover doubles following buy-in

Finance

TURNOVER at Surrey-based Benson has more than doubled to £33 million after a management buy-in last July, with pre-tax profits increasing from £158,000 to £612,000.

The company's interior fit-out business based in the City of London achieved a turnover of nearly £10 million in its first year of trading and it has recently won a £5 million contract for P&O Nedlloyd.

Benson's main contracts business in Reigate concentrates on medium-sized projects in the education, health care, social housing and commercial markets.

Managing director Alistair Sloan is planning to continue the company's growth after the recent opening of an office in Southampton and a merger with West Midlands contractor AE Thompson, which will now trade as Benson Mid-lands.

Mr Sloan said: 'The results reflect on the core business strengths we have developed at Benson.

'We operate with relatively small teams of dedicated and highly motivated specialists.

'As we concentrate on medium-sized contracts, repeat business is very much the order of the day. Therefore we place enormous efforts on ensuring that our clients are very happy to come back.

'Our success has been carefully planned and controlled and we are confident that our new offices will be equally successful.'