Major UK contractor back in profit, despite ongoing economic downturn.
Birmingham-based Coleman & Company has announced improved financial results. In the year ending 30 April 2011, the company’s turnover had increased by 52 percent £17 million and pre-tax profits was £0.5 million compared to a trading loss in the previous year.
Coleman & Company says the results vindicate the decision made in 2009/10 to “invest in the retention of its workforce despite a compelling alternative short term strategy of wholesale redundancies”. This policy meant the company was well placed with its technical expertise and capacity to take on new complex projects that became available in 2010/11.
The directors of Coleman & Company are continuing to build on this success with the strengthening of its management team and workforce plus a considerable investment in advanced technology, plant and equipment. And with 2012 marking the 50th anniversary of the Company the directors are looking forward to the challenges and rewards, of another successful year.
