Utilities and civils specialist Ferns returns to revenue

Utilities and civils specialist Ferns returns to revenue

In a stronger 12 months, Ferns lifted income by round a 3rd to £81m within the 12 months to Might 2023, producing a pre-tax revenue of £2.9m in contrast with a loss £1.8m in 2022.

Working margin improved to three.9%.

Group CEO Ian Fern stated that in a aggressive market, the group has carried out nicely, rising as a brand new telecoms workstream has constructed up.

He stated : “Following on from the earlier 12 months’s traded accounts. The group actively sourced and procured new contracts in April 2022 and restructured its administration workforce to help progress and growth.”

He added additional worthwhile progress was forecast for the following monetary 12 months because of the long-term frameworks the group had now secured.

Throughout the 12 months common head rely fell by 10% to round 200 employees.

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