Thomas Vale post record results

Thomas Vale, the Midlands and Thames Valley based construction company has announced record results for the year ending 31st March 2008.

Turnover during the year increased by 27 per cent to £195million with profit before tax of £3million. The company had a positive net bank balance at the year-end of £9.2million, an increase on last years £5.5million.

Mike Wallis, chairman, said: “Strategic actions put in place in 2007 have put the Group in excellent shape with increased turnover resulting from our framework and partnership contracts with no exposure to speculative development.

Over the last 5 years the business has grown annually by an average of 26 per cent. Our order book is a record level of £500million and we expect to continue that growth in the future.”