Sub-contractor Veitchi hails profit rise

Acambuslang-basedfirmbilling itself as one of Scotland’s largest construction industry sub-contractors has unveiled an increase in both turnover and profit at its 101st annual meeting.

The Veitchi Group said income in the year to November was up 7 per cent to £41.55 million, whilst group profits after tax rose 10 per cent to £1.26m.

Group managing director Jim Preston said: “These latest financial results demonstrate yet again another steady year of growth by the group despite operating in a challenging environment for the construction industry.”

The firm said progress was driven by several large projectsundertakenbyveitchi Flooring.

Contracts totalling £3m for jobs at the new Dumfries and Galloway Hospital, Perth Theatre Silver Fin and Marischal Square developments in Aberdeen were “amongst the highlights”, it added.

Veitchi Interiors and the firm’s preservation division Richardson & Starling also reported “successful” years. And Veitchi Interior’s Metframe product – a lightweight steel structure built off-site and delivered in pre-panelised form to construction sites – has featured in 14 projects and an order book of £7m is now being worked through.

Thegroupcurrentlyemploys 35 apprentices and graduates in its training programme.