Record order book for construction firm

SUFFOLK construction firm ISG Jackson has turned in another strong financial performance with a record forward order book totalling £120 million for the coming 12 months.

SUFFOLK construction firm ISG Jackson has turned in another strong financial performance with a record forward order book totalling £120 million for the coming 12 months.

The Ipswich-based main contractor has virtually trebled its turnover over the past three years, securing an increasing volume of business across both major works and its small works division, ISG Jackson Special Projects.

Its success has contributed to record pre-tax profits of £5.8million for parent company ISG for the six months to December 31, an increase of 43% on the same period in 2006.

Group turnover was 27% ahead at to £521 million, and the overall forward order book for the business was up 15% to a record £968 million. ISG's interim dividend will rise by 21% to 4p per share.

Recent contract wins for ISG Jackson include two new deals it has secured as a framework partner for the Flagship Housing Group in Suffolk and Cambridge, with a combined value of more than £12 million. Since the start of the year, ISG Jackson Special Projects has also been awarded contracts valued at over £6 million in Ipswich, Harlow and Great Yarmouth.

The contractor has also concluded or is due to imminently complete a number of high profile projects, including the £10.2 million scheme to build a new physical and recreational training facility for the Ministry of Defence at Colchester Garrison in Essex and the new £7.2 million Braintree swimming pool complex.

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Other successful schemes include the new £3.8 million Ipswich Preparatory School, a £2.5 million hotel extension at Stoke by Nayland Hotel, Golf Club and Spa near Colchester and an £850,000 swimming pool extension at a private residence in Felixstowe.

Bernard Clarke, managing director of ISG Jackson, said: “The company has once again reported a record year for turnover, profitability and the breadth and depth of its forward order book.

“Year on year performance figures are highly indicative that we have correctly aligned our business to the specific needs and requirements of our clients. Our appointment to an increasing number of framework partnerships highlights our ability to compete on an equal footing with national operators in terms of quality, professionalism and innovation.”

He added: “Building on the critical mass and core infrastructure of the business, we are now expanding the geographical scope of our operations, actively seeking out opportunities within Kent, Sussex and Surrey.

“The prospects for another record breaking year look excellent, with business growth underpinned by strong divisional management teams and our core principles of value, quality and service.”