The firm carries out property investment in German capital Berlin as well as Macau in the Far East and the division made around half of the group’s £2.3 million pre-tax profit, a fourfold turnaround on last year’s £525,000 loss.
Its contracting operation, which is based in Huntingdon, Cambridgeshire, carries out work building hotels and with revenues of £41 million provided the bulk of Speymill’s £52.7 million revenue last year – up 136 per cent on last time.
Group managing director Andrew Latham said this division had a forward order book of £140 million and added that the 2012 London Olympics would keep business buoyant.
He said: “2012 produces a good marker in the sand and London will need a lot more extra space for visitors.”
The AIM-listed firm is paying a dividend for the first time since its inception from Wigmore.