Group’s record prof­its help to weather storm

Kentish Express Ashford & District - - Front Page -

THE Ash­ford-based GSE Group of construction com­pa­nies has an­nounced record-break­ing fi­nan­cial re­sults, with prof­its ris­ing 26 per cent to £2.4 mil­lion.

The group, which em­ploys 260 peo­ple in Ash­ford and across Kent, saw turnover grow by 6.4 per cent to £37 mil­lion for the year end­ing De­cem­ber 2008.

Formed in 2000, the group has di­vi­sions spe­cial­is­ing in de­sign and build, civil en­gi­neer­ing, land re­me­di­a­tion, haulage and plant hire.

Its turnover is now four times what it achieved in its launch year.

The 2008 re­sults were largely driven by im­pres­sive per­for­mances from GSE Build­ing & Civil En­gi­neer­ing which, while turnover stayed sta­ble at £14 mil­lion, saw pre-tax prof­its con­trib­ute sub­stan­tially to group re­sults, and GSE De­sign and Build, where turnover was up 70 per cent to £22 mil­lion, push­ing prof­its up sig­nif­i­cantly.

Dar­rell Healey, chair­man of GSE Group, said: “Th­ese record break­ing fi­nan­cial re­sults re­flect the hard work put in across all our di­vi­sions.

“It was im­por­tant to record a strong per­for­mance in 2008 to put us in a po­si­tion to weather what we all know to have been a tougher year for the construction in­dus­try in 2009.

“A lot of our suc­cess can be at­trib­uted to the fact that, across our di­vi­sions, we have ex­per­tise in all ar­eas of construction and our dif­fer­ent com­pa­nies can of­ten sup­port each other on their var­i­ous projects.”

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