Demerged contractor eyes 20% turnover boost
Construction News (UK)
AI Article Summary
Stepnell, a contractor based in Warwickshire, is anticipating a 20% boost in revenue for the current financial year as it starts trading independently. The firm's latest accounts reflect a stable pre-tax profit of £1 million. This optimism comes as the company enters its first year as a standalone contractor after its demerger.
What This Means for Canadian Contractors
For Canadian builders, this means the potential benefits of focusing on growth and profitability after a business restructuring. This project shows how strategic reorganization can lead to both stability and revenue growth, showcasing a model for businesses undergoing similar transitions. Contractors can leverage this example to evaluate the impacts of demergers on their project timelines and resource allocation.
