CIVIL engineering group RJ McLeod has seen pre-tax profits increase by 45 per cent to £18 million.
Revenue at the company, one of Scotland’s largest civil engineering and building contractors, climbed substantially, by 42 per cent, to £166m.
Writing in accounts newly filed at Companies House, the directors said that trading had benefited from the ongoing investment in plant and transport, with £4.8m being invested in the year to October 30. Looking forward, the board said its strategy was to maintain an up to date fleet.
The accounts show that the company, which has offices in Glasgow and Dingwall, ended the year with shareholder funds of £46.7 million, up from £37m.
Writing in the accounts, the directors said: “The group’s workload is in healthy shape and with the firm foundation of excellent staff and good quality plant and transport linked to planned management and strict financial discipline, the directors are confident for a positive turn out in this year’s trading.”
In an average month the company had 459 staff, up from 425.
Director emoluments totalled £4.6m, with the highest paid director receiving £1.2m.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereLast Updated:
Report this comment Cancel