Bowmer & Kirkland trading profit halves

Derby-based building contractor Bowmer & Kirkland saw profit slide in a challenging year of subcontractor insolvencies and tricky jobs.
The building arm was supported by developer Peveril Securities which made a strong contribution to group profits in the year to August 2023.
Revenue over the year rose 8% to £1.24bn but inflationary pressure and market challenges saw trading profit almost halve to just £24m from £47m in the previous year.
Nearly £14m interest from Bow