Shaylor Group eyes £100m turnover reports Business Insider

Walsall-headquartered contractor Shaylor Group expects to "comfortably" pass the £100m turnover mark in 2016 after newly filed accounts revealed a hike in revenue and pre-tax profit. 

The family-owned company hailed 2015 as a "strong and encouraging" year that built on the on the momentum of the previous period. 

In the 12 months to 30 September, turnover reached £81.4m, up from £70m in 2014. Pre-tax profits also climbed to £3.2m from £2.7m. 

During the year, Shaylor Group carried out a number of major projects for Rolls-Royce, BMW and the University of Birmingham. 

A statement signed off by chief executive Stephen Shaylor (pictured) said: "Our selective approach to new business has placed us on an upward trajectory as we continue on our path of planned and managed growth, which will see the business comfortably push through the £100m turnover threshold in 2016." 

Shaylor Group is currently involved on 25 frameworks with clients such as the Ministry of Justice, Royal Mail, Post Office and the Royal Bank of Scotland. The company said all agreements "delivered meaningful activity" in the year under review and revealed that three quarters of its target forward order book is already secured for 2016/17. 

Director Martin Chamber's also told Insider that Shaylor has recently secured a £16m contract it will work on over the next 42 weeks. 

"It really highlights that we have an incredible track record," he added. "We're well-positioned for growth in both the private and public sectors". 

Shaylor Group's head office is in Aldridge and the business has additional sites in Birmingham, London and South Brent in Devon. It employs almost 180 staff.