Building on success as turnover passes £1 billion | Bowmer + Kirkland
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B + K

Building on success as turnover passes £1 billion

Our turnover for the last financial year was £1.1 billion up from £937.5 million the previous year.

Accounts for the 12 months to 31 August 2019 also show our pre-tax profits increased from £54.5m to £73.1m.

In his statement to accompany the company’s accounts Chairman, Jack Kirkland, said: “I am pleased to report that this year the Bowmer and Kirkland group achieved another strong financial performance.

“Once again property developments through our Peveril Securities arm and our work with joint venture partners made a key contribution to our returns.

“Our strong cash position enables us to act quickly and we continue to seek out equity funding opportunities.

“Our construction companies again performed well in all sectors and in all regions.

“I am grateful to our clients, both long-standing and new, for placing their trust in us

“Our supply-chain partners are vital in delivering our projects and we are committed to building long-term relationships and treating them fairly.

“All group companies made a positive return this year and I am pleased that our most recent addition to the group, Munro Building Services, has integrated well.”

On the current Covid-19 crisis, Jack added: “As I write this the lockdown that the coronavirus pandemic necessitated is beginning to ease; it is still too soon to tell how large an impact there will be on the markets in which we operate but I am confident that with our exceptional staff and sound balance sheet we are in a strong position to withstand any challenges and take advantage of any opportunities in the coming months and years.”