FK Group Sees Major Rise in Profits and Turnover

FK Group, a building contractor based in Cheshire, saw both its turnover and profits rise by over 50% last year.

The company reported a turnover increase of £70.5 million for the year up to March 31, 2016, which is an increase in turnover of 52% from last year’s figure of £45.8 million.

Profit before tax went up from £2.08 million in 2015 to £3.3 million this year, which is an increase of 59%, while gross profits increased by 46% to £15.1 million.

The company opened its sixth UK office in Newport, South Wales, in the last year and now has 80 more staff across its offices compared with two years ago, with the number now standing at 140.

The company’s office in Dubai recently signed up to £7 million’s worth of new work, which includes the £5 million project at the Al Maktoum International Airport.

Francis Keenan, Chief Executive, said that the firm has continued to show its capabilities in the provision of the complete building envelope solution.

Keenan commented: “Clients’ confidence in our services and delivery has ensured we have been continually considered for major projects nationwide. We continue to invest significantly in new services and training.

“With confidence back and projects moving forward, the last 12 months have seen significant growth and we were prepared accordingly, ensuring we had the skills to deliver.”

The FK Group has worked with established construction firms including Bowmer & Kirkland, McLaren, Laing O’Rourke and Carillion.

The company has headquarters in Altrincham and also has offices in the UK in Romford, Newport, London, Doncaster and Birmingham.

Keenan added: “We are preparing ourselves for challenging conditions after the recent referendum, but we are fortunate to have developed and maintained relationships with some of the industry’s biggest names, with whom we have a strong forward order book and defined long term pipeline.”


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BDC 309 : Oct 2023