Hertfordshire based fit-out and refurbishment contractor Pexhurst enjoyed a surge of work last year sending turnover up 44%.
Latest results for the year to January 31 2024 show turnover up to £50.2m from £36.4m last time while pre-tax profit increased to £3.4m from £1m.
Pexhurst takes on a wide range of project values from small and niche through to large-scale £10m logistics refurbishment schemes.
The firm is anticipating further growth across the industrial, commercial and specialist sectors to allow for continued and controlled expansion.
Martin Vella, managing director at Pexhurst, said: “We’re very proud of our financial results and our continued ability to offer clients a reliable, experienced team to deliver their projects.
“It has been a challenging few years for the construction sector with a number of unexpected events meaning we must remain agile, but we have proven our resilience and successfully contributed to a variety of schemes in the process.
“Our way of operating means there are multiple reasons for our ongoing growth, one of which is strong relationships with a long-established client base and a resounding amount of repeat business. However, we’re also pleased to be securing projects with new clients with successful track records, making our mark in multiple sectors and widening our geographical presence.
“We want our financial results to highlight that we are a safe pair of hands with extensive resources, capable of derisking projects.
“Our portfolio of work in the industrial and logistics sector is what we are most known for, but our pipeline of work in sectors such as commercial and science and technology demonstrate that we’re always scanning for exciting opportunities to use our varied expertise.”
Pexhurst has a directly employed workforce in excess of 60 employees, with a high retention rate proven by more than 35% having worked for the business for more than 10 years.
The introduction of a junior board has created a platform to grow leaders of the future, while since 2018 every single apprentice that has been through the firm’s bespoke apprenticeship scheme has continued their career journey within the business.
