A strong contribution from M&E professional Livingston Building Services assisted to drive a 26% increase in income to ₤ 128m at the Glasgow headquartered group producing a comparable dive in pre-tax revenue to ₤ 2.8 m.
The growth saw headcount increase by around 9% over the duration to 449 personnel.
Chairman George Morris stated: “There is an acknowledgment of the significance of having work spread throughout a range of sectors to reduce threat of a slump in any one sector.
“The group consists of a varied portfolio of business supplying a wide variety of services in the building and construction area.
“This enables the group to use its customers a complete end-to-end service which separates the group from rivals and increases the capability to provide work by means of internal resources.”
He included Morris & & Spottiswood had actually seen ongoing development in the general public sector, consisting of throughout its real estate services shipment, having actually been selected to a number of public sector structures, which added to turnover development.
He stated that Morris & & Spottiswood stayed in a strong monetary position with loanings of simply ₤ 1.8 m (2022: ₤ 2.9 m) and an enhanced net money position of almost ₤ 12m up from ₤ 9.7 m in 2015
