Norfolk-based construction firm RG Carter Group has revealed annual revenues reached £270m…
RG Carter Group had a good year, with revenues reaching £270m. The family-owned firm, which has been in operation for 90-years, has its headquarters in Norfolk and runs out of the East of England and the Midlands.
The group provides design, sustainable, partnered construction, and project management services for both the public and private sector on a range of small and larger jobs.
The news that annual revenues had reached £270m was welcomed by the firm. In its report it noted all parts of the business including construction services, farming, and property development performed well. This was despite the “disappointments of one large-loss making project and a significant bad debt” seen in its piling business.
The newly filed accounts showed revenues of £259.6m for the year ending 31 December 2014. This was up £261.4m from the previous year.
Additionally, the firm reported pre-tax profits increased from £5.1m to £8.9m.
A statement signed off by chairman Robert Carter said: “2014 was a period when confidence became more established in the construction industry; the concerns about rising costs and the effects on margins remain and, although this has not yet fully impacted on our results, it is clear that activity levels have improved and I am consequently very pleased to report another successful year for the firm.
“The firm looks forward to the future in good heart – it has a number of major contracts on hand and future opportunities that will be delivered throughout 2015 and 2016.
“As a result I expect to be able to report another profitable year in 2015.”