Bromsgrove construction group Weaver yesterday reported a strong start to its new financial year, with new projects totalling £10.5 million in the first quarter.
The results echo continued buoyant construction activity in the UK, which, up to the end of May, has enjoyed a four and a half year period of growth.
Alan Adamson, joint managing director at Weaver, said: "It's been a record start to the new year, with the order book containing a good mix of projects for public and private sectors for both new build and refurbishment contracts.
"Weaver also had an excellent 20005/06, with turnover on target at £30 million and healthy margins achieved across all divisions.
"As well as winning business for new clients, we've been particularly pleased with the level of repeat business on our books, particularly in the retail and residential development sectors. This is not only financially rewarding, but also builds robust relationships from which everyone involved benefits."
Included in Weaver projects started in quarter one are a £3 million 45-unit residential care home development at Chipping Camden for Guildcare (Camden) and a £2.6 million refurbishment of the police station in Leamington Spa for Warwickshire Police Authority.
Mr Adamson added: "In the UK as a whole, the construction industry is a little less buoyant than it has been of late, largely due to concerns regarding rising raw materials prices, particularly steel, and high fuel costs.
"However, as far as Weaver is concerned, forward orders and the level of enquiries are strong and, combined with the performance of the past two months, means we are well on target to achieve a turnover of £40 million in this new financial year."