TRITON CONSTRUCTION REPORTS RECORD YEAR
Triton Construction has reported its best ever trading performance but said a period of consolidation is expected in 2020 following this year’s political uncertainties.
The company, which has offices at Liversedge in West Yorkshire and Warrington, has reported consolidated turnover of £58m and a 76 per cent increase in net profits for the year ending 31 March 2019. It has achieved 106 per cent increase on 2017 turnover, as well as growth on the prior two years where turnover averaged at £36m.
The Yorkshire-established business, which directly employs 80 people, attributes much of its recent success to the growth of its North West operation, which opened in 2014.
Among the highlights for 2018/19 was an ongoing programme of extensions and new build hotels for Premier Inn, including a new 85 bed hotel in Skegness.
Triton has also recently handed over a 66,000 sq ft commercial development over three units for J Pullan Developments in Leeds, a 60,000 sq ft flagship Big Yellow storage facility in Manchester and the new Kirkhamgate Primary School in Wakefield, which is one of 11 schools projects completed or commenced in the period.
Paul Clarkson, managing director at Triton, said: “Mike Parkinson, our founder and chairman has built a strong business with a great reputation in the industry for delivery and collaborative working, leading to an exceptional level of repeat business. I am looking forward to continuing this legacy through maintaining our core values of client first and delivery foremost.
“For this financial year we have a solid workload and good forward order book but, with a number of contracts not reaching financial close and order due to the current political uncertainties, we anticipate a year of consolidation and the subsequent pent up demand in the market driving future growth over the years to come.”