Fitout and refurbishment contractor Pexhurst Services Limited has reported an increase in revenue and profits in its latest financial results.
Turnover for the year ended 31 January 2024 was £50.1 million, up from £36.4 million in the previous financial period, generating a pre-tax profit of £3.4 million (FY2023: £1 million).
The Herts–headquartered business generated an operating profit this year of £3.2 million, up from £1 million in the prior financial year.
While net assets and total equity were valued at £5.5 million, up from £4.8 million in the year before, with healthy cash reserves of £6.3 million, up from £3.4 million in FY2023.
Profit after tax for the year was £2.6 million (FY2023: £862,404).
Profitable growth
“We remain mindful that despite significant growth in the period, the industry continues to have fierce competition and is focused on ensuring it stays ahead of market changes and in control of its overheads,” said Pexhurst.
“As a result of robust processes and procedures, we are able to maintain the elasticity in Pexhurst to expand or contract whilst remaining profitable.”
Pexhurst added: “With a strong 2024 order book, coming from Pexhurst’s core sectors of industrial and commercial projects, the directors are confident that Pexhurst will maintain its strong position in the market alongside continued organic growth.”
Pexhurst, in Welham Green, delivers multi-scale refurbishments worth up to £10 million in value for commercial, industrial, and private sector clients throughout London, the Midlands, and the South of England.
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