Inverness-based civil engineering firm Daviot Group moved back into the black in 2015 after winning a string of hefty contr-acts.
Bosses at the company, called Daviot Farms until July 2015, also carried out restructuring in a year that saw pre-tax profits come in at £1.5million, a vast improvement on losses of £37,000 in 2014.
Daviot, which describes itself as one of the fastest growing civil engineering businesses in the UK, has expanded its services in recent years to take in onshore wind, hydro schemes, transmission lines, roadworks and cabling.
Notable projects Daviot has been involved in include the Beauly to Denny overhead power line.
Daviot laid more than 30 miles of access tracks and earthworks for the 136-mile line, which started transmitting electricity in December.
It also carried out site infrastructure works for the new University of the Highlands and Islands campus in Inverness, improvements at Gleneagles for the Ryder Cup and upgrades at Inverness Airport.
The company made its presence felt south of the border too. Late in 2014 it netted a multi-million pound contract with the Highways Agency in England for work on a motorway upgrade in Yorkshire.
The group, which employed 76 people on average in 2015, is currently involved in the £1.2billion project to lay an underwater power cable from Caithness to Moray.
The new cable is needed to connect proposed renewable-energy schemes to the national grid. Daviot grew turnover by £8.8million to £25.5million last year, according to accounts lodged at Companies House.
Director Paul Adams, who joined Daviot in October after nearly eight years as a solicitor with the Highland Council, said he was “delighted” with the company’s growth over the past three years.
Much of the progress was down to the decision of Singapore-based Fasih Rehman – Daviot’s “ultimate controlling party” – to invest in the company in 2013, he said.
Mr Adams added: “We are looking for solid and steady growth in the upcoming years, increasing our presence in the Highland region and further afield.”
