Managing director Brian Tripp said the goal was to increase turnover to £100m in the next three years, although he added that he expected growth of turnover to slacken to about 15% over the next year.
He said: "There is a nervousness in the market and there is a slowdown. But the work is still out there – you just have to put more work into winning it."
The work is still out there – you just have to put more work into winning it
Brian Tripp, managing director, Spectrum Projects
Tripp, construction director Matt Bray and commercial director Victor Wright each own 23% of the firm. Chairman Stephen Sproat has a 29% stake. The four will eventually own 25% each.
Spectrum, whose largest job was a £20.5m contract for broker Old Mutual, also has a special works division, which concentrates on jobs of up to £500,000.