In a trading statement this morning the publicly listed specialist said orders were 23% up at £720m on the same time last year.

Mark Lawrence, CEO, said a key advance on previous years was that the firm was less reliant on the London market than in the past.

He said: “Compared to previous years, there is increased visibility of our revenues outside of London, through the growth of our work in the healthcare sector and larger projects.

“Our infrastructure sector order book for example, which includes projects in Healthcare, has increased by £65m since the start of 2023.”

He added: “The board remains highly confident that the Group will successfully deliver its growth strategy so that our revenues will exceed £500m for the first time in the current year.”