Steel fabricator working on T5 increases turnover to 拢237m and achieves record order book of 拢210m.

Steel fabricator Severfield-Rowen has reported a 60% leap in profits for the year to 31 December 2005, in record results for the company.

Pre-tax profits rose from 拢12.2m to 拢19.7m over the year, with turnover rising 16% to 拢236.7m across the same period. The company, which is working on Heathrow Terminal 5, currently has a record order book of 拢210m.

Chairman Peter Levine said that the group expected further success in 2006. He said: "Severfield-Rowen has had a stunning year with results significantly ahead of market expectations. Our markets are buoyant and demand for structural steelwork projects continues to grow. 2006 has started strongly, continuing the forward moving momentum."

The firm has four core subsidiaries: Severfield Reeve, Watson Steel Structures, Rowen Structures and Atlas Ward Structures. Severfield Rowen acquired Atlas Ward for 拢1.42m in March last year.