Record profits for Osborne | Smart Highways Magazine: Industry News

Record profits for Osborne

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Osborne has reported a record pre-tax profit of £5.2 million in the year to 31 March 2014 as it looks to strengthen its position in the highways market.

The company has seen a 28% growth in turnover to £325m. As at April 2014, the secured forward order book was £443m compared with £272m a year before (63% increase) and secured orders, plus work under negotiation, was £663m compared with £351m a year before (80% increase).

The end of year cash stood at £25.6m. This is after Osborne invested £5.5m in buying 40,000sqft of office space in Cambridge.

A spokesperson for Osborne said: “Turnover for highways was £18m last year, our books are close to that already and we are looking to strengthen our position in this market.”

 
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