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Morris & Spottiswood profits up 16pc

Warrington based fit-out and maintenance firm Morris & Spottiswood saw profits rise 16 per cent for the year ended 31 December 2007.

Pre-tax profits reached £3.4 million up from £2.9 million the previous year. Turnover edged up to £125.3 million from £124.8 million in 2006.

Chief executive Chris Saxton said: “Our fit out, housing and maintenance businesses have all performed well during the year despite a difficult economic climate and we remain focussed on achieving market leadership in these key sectors.”

Mr Saxton said the firm has benefited from its long-term relationships with its blue chip and public sector clients, which includes work in the affordable housing sector.

He added: “Over the next 12 months we expect to see a further rise in maintenance and refurbishment projects as more organisations choose to adapt and maintain their existing premises and facilities and put their relocation plans on hold until the market settles.”

The privately owned company employs 620 staff across offices in Warrington, Glasgow and Edinburgh.