Gee Construction's profit gives 5.4% margin

Gee Construction ran up a profit margin of 5.4% last year as a result of a £1.9m pre-tax profit.

Turnover was £36m, an increase of £2m over 2007.

Gee’s latest results cover the 12 months to 30 September 2008.

The group’s previous profit of £1.9m generated a 5.6% margin.

Gee is based in Basildon, Essex and has two operating divisions:

Gee Construction

Building and d&b contracts in the industrial, commercial and residential sectors

Advante

Hiring and servicing contractors’ plant and machinery

There was a £500,000 pre-tax profit from the £26m of construction turnover, while Advante’s £8m turnover chipped in with £1.4m towards group profits.

Gee has £8.0m of shareholders’ funds.

The number of employees was unchanged at 96. The bill for wages and salaries moved higher to £3.0m.

The highest-paid director received £288,000 by way of pay plus a further £34,000 as a contribution to his pension scheme.

In the previous year his tally ran to £302,000.