Network Plus added more than 1,100 jobs in the year its profits surged by almost £20m, new documents have confirmed.
The Manchester-based utility and infrastructure service provider has reported pre-tax profits of £18.1m for the year to March 31, 2022, up from the £1.1m it posted for the prior 12 months.
Its turnover also jumped from £241.9m to £409.8m in the year, newly-filed accounts with Companies House have revealed.
READ MORE: Click here to sign up to the BusinessLive North West newsletter
During the year the group acquired arboriculture and infrastructure vegetation management company Eos and Capital Traffic Management.
DON'T MISS:Victorian Plumbing signs 20-year deal for new £50m UK distribution centre
Full list of train strike dates in January 2023 with drivers set to walk out over pay dispute
The 23 companies in Wales to watch in 2023
It also operated Network Plus Services, Go TTraffic Management and Overlec.
The average number of people employed by the group in the year also increased from 1,170 to 2,291.
A statement signed off by the board said: "This has been a hugely successful and important year for Network Plus Group.
"We have made decisive progress in safely delivering our strategic objectives and further strengthening the group's position in our chosen markets.
"This has been achieved by continuing to implement a policy to 'protect and grow' the business.
"Our priority is to deliver organic growth by delivering to existing customers' expectations and selectively bidding for new work in adjacent markets and geograhpies.
"Focusing on those activities that are most suited to our core skills and capabilities enables us to provide efficient and effective services on behalf of our customers.
"This approach has been key to delivering an excellent set of results."
READ MORE:
Almost £17m awarded to project turning black bin bags into sustainable jet fuel
'Pleasing level of profit' for land promoter Gladman ahead of £250m takeover by Barratt Developments
Prospective home owners owed £4.4m face extension to five-year wait after company's administration
