TJ Brent announces record turnover

Utility contractor TJ Brent has announced its second set of annual results, with a record turnover of £74m generating a pre-tax profit of £1.4m.

The business resulted from a management buy-out from the Pennon Group in December 2000. Based in Bodmin, Cornwall, it has term contracts with South West, Wessex, Mid Kent, and United Utilities water companies.

Commenting on the latest results (12 months to December 2002) Tim Read, managing director, today said: "This is the second year of operation since the mbo and we have maintained the momentum achieved in the first year. We are on track to deliver our five-year plan.

"We are interested in solid sustainable growth rather than one-off spectaculars. By targeting growth of around 10%-20% per annum, we feel able to ensure that the Brent brand is not diluted by too many new employees who have not been integrated

"With over 1000 employees, Brent has one of the highest employee-to-turnover ratios in the industry. We consider this vital in ensuring safety and quality."