Industrial shed builder TSL margin hits 3.3% after sales drop a third

Logistics, industrial and data centre builder TSL has doubled operating margins after deciding to be more selective in its bidding during a challenging year for the shed market.
A more cautious approach to risk saw revenue fall by just over a third to £297m in the year to December 2023.
But operating margin rose to 3.3% from 1.5% previously as pre-tax profit jumped by almost half to £9.9m.
Headcount at the the Gerrards Cross-headquartered business remained stable at around 200 staff.