Record revenues posted by steelwork contractor
Taziker Industrial, the multi-disciplined engineering specialist, has posted record revenues for the financial year to 31st March 2022.
Trading in the year was up more than 30% on the previous year, to in excess of £73M. The company said the business has continued to successfully develop, expand, and diversify into new markets.
The increased volumes generated a gross profit increase, up by £3.5M to £15.5M, with gross profit percentage also improving as the business enhanced its operational performance and took advantage of the increased volumes.
Operating profit in the year improved by more than £2M to £3.8M, generating a pre-tax profit of more than £5m.
The business also said that it started the new financial year with a record secured order book in excess of £82M, which is an increase of more than 40% on the previous year.
Steve Corcoran, Chief Executive of Taziker (pictured) said: “We are extremely pleased to announce these positive results, which were attained during a period of turmoil and disruption caused by the COVID-19 pandemic.”