Perth construction firm Algo’s turnover rose by more than 15% last year with the firm targeting further growth in 2019.
Newly filed accounts for Algo (Blairgowrie) Limited show sales rose to £19.4 million for the year ending June 30, a rise from £16.9m in 2017.
Pre-tax profits dropped from £1.5m to £930,000.
Algo’s principal activity is designing and constructing industrial and agricultural buildings.
Among its notable projects have been a purpose built showroom for Perthshire Caravans, the farm shop for Balgove Larder in St Andrews, the Madoch Centre community hub in St Madoes and Errol Village Hall extension.
Managing director Murray Alexander said his strategy for the firm, which has a business centre in Perth’s Glenearn Road, was for it to continue to grow at a “steady pace”.
“Our successful year is down to a number of sectors,” he said.
“The whisky industry has kept us busy as we have helped meet the demands of storage with bonded warehouses throughout Scotland.
“Requirements for poultry production has also seen growth with welfare increasing as demand is met.”
Mr Alexander pledged to increase the amount of training and personal development for staff this year.
Algo has expanded its estimating department and added to administration staff.
The firm has recently been awarded two industrial projects in Dundee – the Saltire Business Parks development for 16 units of flexible industrial space on Mid Craigie Road and the Dundee Industrial Association building on Loons Road.
“It’s refreshing to see this sector being invested in and certainly good for the local economy where the majority of our workforce reside,” Mr Alexander added.
“Although 2017/2018 was successful for Algo, we are very aware of the construction industry difficulties that other companies have faced.
“With this in mind, we have to thank our loyal, long term clients who have been the foundation of Algo’s continued success.”