Refurbishment and fit-out specialist Structure Tone unveiled increased full-year net profit of £908,000 for the financial year 2006/07 on the back of a £66m turnover.

The firm is a subsidiary of a New York contractor with the same name. The group’s global turnover broke the US$3bn (£1.5bn) threshold for the first time in its history.

Dean Manning, managing director of the UK arm, said: “We have ambitious expansion plans for the next few years and are well on the road to delivering them.”

He added that turnover for 2008 was anticipated to exceed £100m and that the company was looking to increase this to £250m in the next five years by expanding its office fit-out business into hotels and retail.

Structure Tone recently won an £8m contract to refurbish Le Meridien Hotel in London’s Piccadilly.

The group has 19 offices around the world, including in the US, Hong Kong, China and Ireland. It employs more than 1,450 staff worldwide. Earlier this year it completed the £40m fit-out of the Willis Building in the City, the capital’s biggest fit-out project in 2007.

Its UK business employs 105 people.