Social housing and compliance divisions spur growth for property services firm

Connaught has reported a 37% rise in profit its interim results following growth in its social housing and compliance divisions.

Connaught workers

Pre-tax profit rose to £8.1m during the six months to 28 February 2007, compared with £5.9m in its previous first half. Turnover rose 24% to £165m.

The company also reported an order book of over £2bn.

Mark Tincknell, chairman, said: “Connaught has carved out a unique competitive position, has a strong management team and the financial capacity in place to support its growth plans. We look forward to the future with confidence.”