In a trading statement ahead of its annual general meeting today, chairman Robert Moyle said that trading condition were very difficult.
Against this backdrop profitability had risen in the first quarter of 2010 on sales up 7% at £38m.
“The building subsidiary however has due to extremely competitive margins prevailing returned a small loss,” he warned.
Moyle added he was confident this would be overcome by the year-end results.
The firm has £154m in secured workload that will be completed by the end of the year.