NORTH-east contractor Bowey has changed its name to Surgo Construction.
The rebranding is the final phase of the firm's transformation since it demerged from the Bowey Group in 2002 through a management buyout.
Managing director Ian Walker said turnover would be up again this year following a string of contract awards in the education sector, including the £20 million King's Academy on Teesside and the £24 million Doncaster Academy.
Turnover increased £16.6 million to £43.5 million for the year to October 31, 2003, as pre-tax profits edged up £11,278 to £519,858.
Mr Walker said: 'The company is a different entity now.
'The demerger has allowed us to develop greater focus, which has resulted in a better service for our clients, a better culture for our staff and a better balance sheet.'