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Growing Dawnus eyes expansion

Expanding Welsh contractor Dawnus Construction doubled pre-tax profits last year on the back of a hike in turnover.

The Swansea-based firm is eyeing big expansion in the future with a targeted growth rate in excess of 20 per cent and an operating profit on construction of at least 4 per cent.

The firm carries out work throughout Wales and over the Severn bridge in South-west England and was recently named the fourteenth fastest growing company in Construction News’ 100 fastest growing companies.

Pre-tax profits grew from just over £1 million last time to £2.1 million in the year to December 2007. Revenue was also on the rise, climbing 48 per cent to end up at just under £70 million.

In a statement accompanying its results filed at Companies House, the firm said: “Good control of debtors was maintained and creditor settlement times were significantly reduced with the implementation of better financial controls. Pre-tax profits more than doubled as a result of continued cost control measures.”

The firm said that going forward it is targeting work on larger civil engineering contracts as well as winning work on new house building contracts.

It added: “We will continue to maintain and expand the workforce to control quality and minimise costs whilst reducing further our reliance on subcontractors.” Dawnus added that having more staff on the books means it is able to directly control the quality of its work.

Last year, the firm saw staff numbers swell over 50 per cent to 260 which added an extra £2 million to its wage bill. The salary of the highest paid director, who is not named, rose 11 per cent to £157,000.