Contractor posts pre-tax profit of £5.8m in the year to 31 March 2015

Andy Steele

Osborne has posted a 12% jump in pre-tax profit to £5.8m in full-year results for the year to March 2015, up from £5.2m the previous year.

The contractor’s order book for the next 12 months has also risen 22% to £242m, up from £199m for the same period to March 2014.

However, turnover was down 5% to £309m from £327m the previous year.

The firm said this was due to delays to project starts in its construction business, as well as rising supply chain prices.  

Osborne said there were signs that “inflation for specific trades and materials is continuing at elevated rates, risking profitability on long-term contracts where the price has been agreed.”

Commenting on the results, Osborne’s chief executive Andy Steele (pictured), said: “We have seen further improvements in our profits following last year’s record results.

“At the same time we have been ensuring we position Osborne as the brand of choice, delivering the ultimate customer experience in our markets.”