03.05.2012

Pyeroy up 23%

UK based industrial support and contract scaffold specialist Pyeroy has reported a 23 percent increase in revenues.

Revenues for the full year were £74 million - £14 million higher than in the prior year, although at the same time pre-tax profits slipped 17 percent to £2.9 million. The company’s order book as of the end of the year was more than 15 percent higher than at the same point last year, at £135 million. The company claims that business in the growing UK offshore oil and gas sector has contributed to its increased sales.

Pyeroy’s managing director Hugh Pelham said: “Despite the continuing economic pressures, this is a great set of results that reflects how well we are meeting the needs of our customers.

“There’s also a stronger requirement for a higher quality, better trained workforce than ever before, which is why we continue to invest in creating well trained and motivated people. It enables us to focus on delivering quality, which is what’s required when you want to work for the likes of Network Rail, Babcock Marine and BAE Systems, and is seeing us emerge strongly from the some of the worst trading conditions for decades.”