Consultant attributes profit drop to weak state of wider economy, but says social housing market will help company weather the storm
Construction consultant John Rowan & Partners has boosted turnover by 12% to £5.5m in the year to 30 April 2009.
Pre-tax profit at the company, which carries out cost consulting and project management across various sectors including social housing, education and leisure, fell 14% from £586,800 to £504,000, which a spokesperson attributed to the weak state of the wider economy.
Stephen Gee, managing partner, said: “We are very pleased with our performance in such tough economic times and fully attribute our success and strength in the social housing sector to the talent and commitment of our staff.”
A company statement said the social housing market would help the company weather the economic storm. It said: “New opportunities in both the affordable housing sector and Decent Homes delivery programmes has put us in a very strong position to face the current economic downturn and enabled us to expand our business.”