Brown & Mason's turnover climbs to £20m

Brown & Mason, the demolition contractor, has made a pre-tax profit of £640,000 (£690,000).

Financial results (12 months to 30 April 2006) show turnover ahead at £20m (£16m) with future workload strengthening to £35m.

The directors said that B&M’s future prospects were good and that the financial position remains strong.

At the year-end there were net assets of £5.6m and the cash balance stood at £6.9m. Investment in new equipment during the period ran to £2.9m.

The highest-paid director’s earnings of £399,000 were topped up with a £14,000 pension contribution. No dividend was paid.