LOSSES deepened at John F Hunt's demolition arm last year after the Essex-based firm continued to suffer difficult trading conditions.
The company's turnover from demolition work rose £1.3 million to £15.6 million in the year to September 2003, but losses deepened to £228,718 from £135,665 in the previous year.
A company statement said: 'Group turnover increased during the year due to the acquisition of Thameside Lifting in the previous year and the improved performance of John F Hunt Hire Centres.
'The group suffered a reduction in its gross margin due to difficult trading conditions.'
Profits at the plant and equipment hire business surged to £310,189 from £42,405, as turnover rose £1.9 million to £8.1 million.
With group operating profits halving to £212,66, its margins fell to 1 per cent.