CASTLE View Ventures, the Bridge of Allan-based business with interests in sports centres, weight management, food production and catering software, saw a 16.6 per cent turnover increase in the year to March 2019.
It said turnover hit £240.15m compared to £206m, driven principally by a series of new contracts won by its wholly-owned subsidiary, Sports & Leisure Management.
READ MORE: Scotland's most profitable family firm
The numbers have been restated to reflect a change to the accounting treatment of net amounts paid to local authorities in the previous year.
Operating profit was up from £8.87m to £10.19m and the group’s gross profit margin increased from 34.5% to 35.6%.
READ MORE: Investment gain bolsters profits at outsourcer Castle View Ventures
Profit before tax was £10.26m compared to £18.13m last year, a figure which was boosted by accounting for the unrealised gains on revaluation of a 2009 fixed asset investment in NuCana plc, a Scottish NASDAQ-quoted biotech business.
The bulk of its sales and profits came from its subsidiary, SLM, a Leicester-headquartered business which currently manages around 200 sports and leisure facilities on behalf of 63 local authorities in England and Wales. Martin Bell, of CVV, said its success “is underpinned by a focus on the quality of service delivery”.
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