Thomas Vale delivers record turnover

Aaron Morby 14 years ago
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West Midlands contractor Thomas Vale has topped £250m turnover for the first time in the firm’s 142-year history.

Profits in the year to 31 March 2011 were also at a record high of over £4m, up from £3.6m last time.

The management-owned construction group has no borrowings and boasted over £21m in the bank at the year end, as well as a strong forward workload of some £550m.

Mike Wallis, chairman said: “We continue to focus on cash management, pushing for efficiencies in our business and the supply chains to ensure our competitive edge is maintained and that our clients continue to get added value for money.”

Tony Hyde, group managing director added: “Our clear and consistent delivery to our clients has allowed the company to grow organically over the past 12 months.

“We have undertaken some of the regions most extraordinary projects raising the standards and innovation in cost, delivery and sustainability for end users.”

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