The Hitchin-based contractor saw revenue jump by just over a third to £201m, generating a 38% uplift in pre-tax profit to £16.7m, with operating margin reaching 8.3%.

Christopher Benham, CEO of HG Construction, said that the firm’s continued investment in groundworks, M&E, plant and piling divisions allowed management to focus on cost certainty and by having a low overhead cost base, allowed flexibility when managing risk areas in construction for each project.

The firm, which was created after a management buy-out in 2000 from property developer Hunting Gate, has built its business working for private developers like Argent and housing associations such as Southern Housing Group, while specialising in logistically challenging, high-rise and city-based schemes.

The improved performance saw cash rise from £42m to £52m.