The Dunne Group Report Good Financial Performance
Tuesday, 10 April 2012
The Dunne Group has delivered strong profit growth during the past financial year - after delivering works on a number of major projects across the UK.
The Scottish-based building contractor and concrete frame specialist delivered a stable turnover at £29.4million and a pre-tax profit up to £1.7million, to the year-end October 31, 2011.
The strong financial performance has been achieved following commencement of concrete, sub-structure and super-structure works at the new Southern General Hospital in Glasgow. The works are being delivered in partnership with lead contractor Brookfield Multiplex, with the contract pipeline scheduled to run well into 2015.
The Bathgate based construction specialist has also expanded its regional office network to London during the past financial year to support its growth into the southern market place, following a number of successful packages between the group companies on the Olympic Athletes' Village, The Shard, and at Milton Court, London.
The Dunne Group has also secured a £35million concrete package on the iconic 100 Bishopsgate project in the City of London.
Managing director Gordon Dunne said: "The past financial year has been busy, challenging but very successful for us as we expand our client base across theUK.
"A critical element of our recent financial performance has been our policy of re-investment in new equipment and infrastructure, which has enabled us to maintain our position as a leader in the field of new building techniques as we continue to deliver innovative works on iconic projects.
"Going forward our expansion into new market regions provides us with a confident outlook as we continue to secure new business opportunities across a resurgent market place."
The Dunne Group - which has further regional offices in Leeds and Manchester - also delivered a portfolio of main contracting projects during the financial year, including the £3m Maggie's Cancer Caring Centre atGartnavalHospitalinGlasgowas well as the £3m Liebherr UK Scottish HQ project in Bathgate, which comprises of a new office and works facility.
Notes to editors
Established in 2001, The Dunne Group has become one of the UK's most sought after companies in the specialist areas of infrastructure, civils, substructure, superstructure and reinforced concrete frame construction, industrial concrete flooring, post-tensioning, specialist plant hire, design & build of commercial / industrial units and car parks.