Keltbray Group saw a 24% increase in turnover last year with revenue up to £108m.

Announcing its results for the year to 31 October 2011, the specialist engineering, construction, decommissioning and environmental services provider, which has around 800 employees across the business, said turnover rose from £87m the previous year to £108m.

During the same period, operating profit rose to £420,000.

Group chief executive and owner, Brendan Kerr, said: “Despite the prolonged, weak economic climate we are currently operating in, Keltbray is experiencing significant growth, and has started to reap the benefits of an assertive diversification strategy and extended geographical reach.

“From being a demolition and civils focused business in the South East; Keltbray is emerging into a turnkey specialist business, which provides integrated services to meet the needs of diverse and complex contracts in the areas of demolition and civil engineering, rail and environmental materials management nationwide.” 

Kerr said Keltbray’s strategy to invest in the areas of rail, nuclear and waste management was now “bearing fruit”, with the company’s rail operations, which cover engineering, electrification, track, plant hire and signalling, increasing its turnover by 67%.

The firm’s demolition and civils operations, which include demolition, specialist civil engineering and groundworks, piling, asbestos handling, haulage and plant hire, increased its turnover by 20% over the period.