McLaren targets £500m turnover by 2015

Grant Prior 12 years ago
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The McLaren Construction Group has set a turnover target of more than £500m by 2015 as the rapidly expanding firm posted its latest results at Companies House.

Figures for the year to July 31 2012 show a 41% jump in turnover to £376.4m from £266.6m last time.

But pre-tax profits dipped slightly to £6.1m from £7m the previous year.

The group results cover McLaren’s construction, property and international divisions.

The period of the results saw McLaren secure work with a string of blue chip clients including British Land, Land Securities, Tottenham Hotspur and all the leading supermarkets.

McLaren Construction managing director Phil Pringle said: “We anticipate continued expansion in new sectors such as commercial offices, mixed-use, student accommodation, education, sports and leisure and have also secured new projects in some of our core sectors including distribution, retail, residential and hotels.

“Therefore we look forward to another positive year for the construction business,”

Staff numbers at the firm increased from 253 to 313 with an average salary of £55,900.

The highest paid director at the firm saw a drop in remuneration to £405,400 from £973,200.

 

 

 

 

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