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SWH looks beyond roads

FINANCE

SOUTH West Highways has moved into general building after the Devon-based contractor pushed turnover to a record level for a fourth successive year.

Pre-tax profits at SWH, which is a joint venture between Vinci and Colas, were static at £2.4 million last year but turnover edged up £1.8 million to £52 million.

Ben Pyle, SWH's managing director, said: 'The growth in turnover is the result of expansion plans set in place four years ago.

We have seen significant growth in our general civil engineering and contracting activities and recently moved into the general building market, which has added to the bottom line.

'Although SWH retains major local authority term maintenance contracts, we have also doubled the size of our general contracting business.

'That now represents a significant proportion of total company turnover.'

Profits at SWH were held back by a surge in administrative expenses, which rose £759,000 to £5 million.

This increase was due to completion of an accredited in-house staff training centre at the firm's Rockbeare headquarters.

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