Galliford Try, the owner of Scottish company Morrison Construction, said yesterday results for the year to June 30 would reflect another record year.
Middlesex-based Galliford Try said it had achieved growth in both profits and revenue, while a strong order book at the end of the period was worth £3.5billion.
The value of work booked is more than double that of a year ago, when the company highlighted forward orders worth £1.4billion.
Net debt has more than trebled to nearly £20million but the company said its land bank – its stock of land for future projects – was ahead of plan.
The group said its full-year results, expected on September 16, were likely to show pre-tax profits towards the upper end of analysts’ forecasts for between £105.9million and £113million.
Galliford Try’s 2013/14 figures, posted last September, showed a 28% rise in pre-tax profits to £95.2million on revenue up by 21% at £1.77billion.
Hailing the record 2014/15 performance yesterday, executive chairman Greg Fitzgerald said: “We are pleased to see that the momentum across the group continues, supported by encouraging market trends.
“Labour availability and cost remain challenging but we continue to manage this effectively, working closely with our supply chain.
“Housing market conditions remain positive and the directors take further confidence from the significant increase in the group’s landbank as well as the contracting order book within partnerships.
“Following a resilient performance in construction throughout a tough recession, we are pleased to report another profitable year for the division and are encouraged by the outlook.”
FTSE 250 Index-listed Galliford Try employs around 5,500 people in its housebuilding and general construction businesses.
Its Scottish arm, Morrison Construction, has delivered more than £1billion of public and private sector projects over the past five years.
Last July, the group announced its near-£16.6million acquisition of Edinburgh-based Miller Construction – more than doubling the size of its order book overnight.