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ISG boosts turnover to offset pressure from tighter margins

Interior fit-out specialist ISG boosted turnover by over 30 per cent in 2010, driven by strong growth in the UK fit-out and food retail markets.

The firm’s turnover stood at £635 million at the close of 2010 compared to £483m in 2009.  Adjusted pre-tax profit grew slightly from £5.2m to £5.7m over the period.

A substantial increase in jobs from Tesco, Asda, Sainsbury’s and M&S more than doubled turnover at the firm’s food retail business to £107m, compared to £51m in 2009.

The UK fit out section posted turnover at £193m, up 39 per cent on 2009.

Chief executive David Lawther said the overall picture is one of revenues increasing in order to offset pressure from tighter margins.

Mr Lawther said: “This is a strong performance, especially in the UK. We expect to see a more complete recovery of the London fit out market as we move through 2012. Our blue chip client base will go on providing demand outside the UK.

“We are emerging from the recession in good health with strong finances, diverse revenue streams and market leading positions in commercial office fit-out, food retail and retail banking. We will continue to target growth both organically and via acquisition.”

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