Triton announces most successful year – but political landscape will force consolidation

Paul Clarkson and Mike Parkinson, Triton Construction.

Triton Construction has announced its best trading year since it established more than a decade ago despite turbulent economic times. But it remains cautiously optimistic for the next 12 months in the advent of two Brexit deadlines and the snap election.

After reporting a consolidated turnover of £58 million with a 76% increase in net profits for the year ending 31st March 2019 it has managed to achieve an impressive 106% increase on 2017 and the previous two years where turnover averaged at £36 million.

The Yorkshire established business which directly employs 80 people, attributes much of its recent success to the growth of its North West operation which opened in 2014. A continued focus on its core sectors in commercial & industrial construction, education, hotels, care and commercial refurbishment has also contributed to strong performance.

Project highlights for Triton in 2018/19 include the ongoing Premier Inn hotels extensions framework and developer led Premier Inn new build hotels such as the new 85 bed hotel in Skegness. Triton has also recently handed over a 66,000 sq ft commercial development over 3 units for J Pullan Developments in Leeds, a 60,000sq ft flagship Big Yellow storage facility in Manchester and the new Kirkhamgate Primary School in Wakefield which is one of 11 schools projects completed or commenced in the period.

Paul Clarkson, Managing Director at Triton said, “Mike Parkinson, our founder and Chairman has built a strong business with a great reputation in the industry for delivery and collaborative working, leading to an exceptional level of repeat business. I am looking forward to continuing this legacy through maintaining our core values of client first and delivery foremost.

“For this financial year we have a solid workload and good forward order book but, with a number of contracts not reaching financial close and order due to the current political uncertainties, we anticipate a year of consolidation and the subsequent pent up demand in the market driving future growth over the years to come.”

During this year of consolidation Triton is focusing on procedures and quality control supported by IT investments. It has embarked on a comprehensive staff training and development programme to support the business and future growth with particular focus on investing in resource within the rapidly growing north west office.