Lindum profit jumps 28% as turnover nears £200m

Lincoln-based Lindum Group has credited its employee-owned model for powering a 28% rise in pre-tax profit to £10.4m and turnover up 7% to £199m.
The regional contractor – where 507 of its 633 employees hold shares – said its long-term commitment to employee ownership and direct delivery underpinned its financial resilience and client satisfaction.
In the year to November, the group’s operating profit also climbed, with margins nudging up from 3.2% to 3.7%, aided by