Osborne Post Profits of £5.8m as Order Book Climbs by 22%
Osborne has posted its financial results for 2014/2015, which show a solid year’s performance with profit before tax increasing to £5.8m up from £5.2m in 2014. This was achieved on a slightly reduced turnover of £311m (2014 – £325m).
Osborne’s secured order book for 12 months (as at April 2015) has risen 22% to £242m from £199m in 2014. Cash remains strong, with a year end balance of £24.3m, marginally down from last year (£25.6m) but following planned exceptional pension contributions.
Andy Steele, Group Chief Executive, Osborne said:
“We have seen further improvements in our profits following last year’s record results. At the same time we have been ensuring we position Osborne as the brand of choice, delivering the ultimate customer experience in our markets. Following on from a successful rebrand, last summer, we are celebrating being shortlisted for a RIBA Stirling Prize, for the second year in a row. Our Stockwell Street development for the University of Greenwich has been nominated for the RIBA Stirling Prize 2015. This follows on from our 2014 shortlisting for Saw Swee Hock student centre for the London School of Economics.”
To see the full Chairman’s Statement and Chief Executive’s Report, please click here.