The firm said it had experienced a competitive market over the year to July 2019, while still managing to deliver a £3.6m operating profit.

Chairman Kevin Taylor said that he had strengthened the group board with four internal promotions and was investing for a year of growth.

To diversify the pipeline of contracts to the business units, McLaren is securing new routes to market within the public sector, primarily through places on national and regional framework agreements.

“Our investment in delivering projects to the public sector shows our commitment to diversifying and securing future contracts in challenging market conditions and bringing more much-needed homes to the UK,” he said.

He added that McLaren had also invested in new business approaches that meet the modern needs of agile and forward-thinking organisations.

Taylor added: “A defined digital strategy means we are bringing additional design efficiencies, data management and innovative project management processes to our business for the new decade.”

McLaren achieved BIM Level 2 accreditation last year and remains on track to deliver its three-year digital strategy.

This will include the integration of a common data environment with project design, programme and procurement process – ensuring that all projects have an associated ‘Digital Delivery Plan’.