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Regional contractor announces 68% rise in turnover

By Western Morning News  |  Posted: September 03, 2014

By Olivier Vergnault, WMN Business Editor, Twitter: @OliVergnault

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Privately owned regional contactor Pollard have posted figures for the financial year ended March 2014 with turnover standing at £18.6 million.

Revenues for the Bridgwater-based company increased 68% rising from £11m to £18.6m with a pre-tax profit of £299,000, an increase of 85%.

The company has been doing so well in the Devon area it now plans to open an office in Plymouth to cope with a fast-filling order book.

Pollard managing director, Bill Badham said: “These outstanding results reflect the success of the strategy we embarked upon to refocus the business as a regional contractor.

“As we are all too acutely aware, the construction industry has been through a deep recession, the impact of which is still being felt, but through controlled expansion of our geographical area, careful management of our cost base and cash flow we are in an excellent position to build on our success.”

The Somerset construction company has seen a significant increase in the number of its contracts in Devon.

The firm is currently working on projects with Aster Homes, the Marshall Motor Group and Notre Dame School in Plymouth.

Mr Badham added: “With the quality of our order book and client base we are on target to achieve revenues for the current year of £30m, in line with the Board’s expectations.

“Our workload in the Devon area has steadily increased in recent years and with contracts currently on site in Plymouth for Aster Homes, Marshall Motor Group and General Practice Investments and a multi million pound retail scheme in Exeter, we have plans to open a Devon office in Plymouth.”

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