Consultant posts pre-tax profit of 拢1.4m despite investing 拢1m in expansion
McBains Cooper has posted a pre-tax profit of 拢1.4m in the year to 30 June 2008 despite investing 拢1m in its own expansion.
The figure was 22% less than the 拢1.8m it made in the previous year but turnover was up 15% from 拢13.6m to 拢15.6m.
The investment paid for offices in Mexico, Peru and Leeds in the past year.
Michael Thirkettle, chief executive, said: 鈥淲e invested 拢1m in new offices, new people and business expansion in 2008, we are growing, we have money in the bank, we have no debt issues 鈥� and we have no difficulty in borrowing when we need to. That鈥檚 a combination of statements rarely heard in the construction industry in 2009.鈥�
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