Accounts for the Northumberland based business show pre-tax profits rose to £16.2m for the year to March 31 2023 from £6m last time on turnover up to £73m from £61.6m.
Managing Director Nick Shilling said: “There’s no denying we’ve had an incredible 24 months within our business, which is testament to the achievements of our team and the support of our clients and wider supply chain – we can’t thank you all enough.”
The company has been in business for 75 years and is investing for continuing success.
Shilling said: “Whilst we recognise and celebrate this achievement, what we remain focused on is ensuring our business is set up for success for the next 75 years and beyond.
“The same ambition and passion that our workforce have shown over the last seven decades is what we take forward into our next phase of growth which is why the reinvestment of profit back into the business through various investments is incredibly significant to help us achieve our goals and continue to innovate within our industry.”
The company’s strategic investments include two washing plants for quarries at Springwell, Gateshead and Anick Grange, Northumberland (£10m), the acquisition of Lakeland Minerals Ltd, Brampton a sand and gravel quarry and a continued investment updating its 86-strong fleet of wagons and 160-strong plant and machinery.
