Revenue and profits are up at Renew, the Leeds-headquartered engineering services group supporting UK infrastructure, in another record year for the company.
According to preliminary results for the year ended 30 September 2021, group revenue grew to £791m from £620.4m in 2020, while profit before tax jumped from £32.1m to £40.8m.
The results follow the acquisitions of Browne for £29.5m in March 2021 and REL in May 2021.
Paul Scott, CEO of Renew, said: “2021 was another record year for the group and I am pleased with the progress that has been made across all divisions.
“The essential nature of our work combined with the resilience of our low-risk, high-quality operating model has been a key driver for growth, as we continued to operate through the numerous lockdown and tiering scenarios experienced during the year.
“The two acquisitions that we completed have strengthened our offering in water and rail and both are delivering to plan.
“I am pleased to report that we have carried forward this positive trading momentum into the new financial year and have a strong forward order book which underpins our confidence in achieving further progress in 2022.
“As we look further ahead, we are committed to building on our strengths to target new opportunities in attractive markets where we have the skillset to deliver mission-critical engineering infrastructure solutions for a sustainable future.”
