C Spencer lifts profits as market activity recovers

Hull-based engineering contractor C Spencer has delivered increased turnover and profits and reported signs of a gathering recovery in market activity.
The firm doubled pre-tax profit to £3m on the back of a modest 7% rise in revenue to £61m in the year ending 31st March 2024.
The group’s bridge division, which was hived off as a separate company – Spencer Bridge Engineering – within the group in April last year, put in a very strong performance generating a £