Strong order book
Robertson’s record sales in landmark year
The Stirling-based infrastructure, support services and construction group, has reported a an 81% increase in pre-tax profit to £21.4 million on turnover up to £453m.
Robertson Group enjoyed a healthy £25.6m net cash position at the year end.
The company said it has seen continued and sustainable growth across its 19 diverse infrastructure-based businesses, most notably in its construction (including major projects), house building and partnership homes businesses.
The group has also expanded its offering in building services, civil engineering and rendering and roofing over the last 12 months.
It has won a range of new contracts in Scotland and England, including the construction contract for the £330m Aberdeen Exhibition and Conference Centre, and has further expanded operations in England with its new Yorkshire and East Midlands office in Sheffield.
Group turnover in England has grown significantly to a record level of £100m as part of its continued regional growth strategy.
The company employs nearly 2,000 people across the UK, having increased employee numbers by over 600 in the last 18 months. It expects this figure to grow by a further 100 or 5% in the year ahead and is placing a stronger emphasis on supply chain, direct employment and apprenticeships.
Bill Robertson, chairman, said: “We are delighted with the continued progress across all of our 19 operating companies. The group has now started delivering on its new five-year strategic plan with a strong focus on sustainability, innovation and productivity.
“Over the recent decades, direct employment and training by major players in our industry has fallen consistently to a point where the shortfall being made up by smaller companies and sub-contractors is no longer adequate to sustain a competitive but opportune market.
“The group will continue to focus on higher margins and believes its commitment to direct employment, young people, apprenticeships and training will facilitate this process.
“Due to the changing source of funders in our market the Group Board also believes that healthier margins in our sector will be a requirement of participation by funders to major projects and businesses.”