The company said it was an excellent result in the current economic climate and that Taylor Maxwell group was well placed to take advantage of better market conditions.
The group reported a 4% fall in turnover to £118.3m in the year to March 31, down from £123.4m in the year before. Pre-tax profits increased 28% from £1.1m to £1.5m.
The company, which operates from 18 locations in the UK, has seen fluctuations in profits of between £1.9m in 2008 to £16,000 in 2010, although turnover has remained around the £100m mark, a spokesperson said.
