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The technical construction and engineering contractor is riding high on orders for data centres, cold stores and pharmaceutical plant work.<\/p>\n
Surging demand fueled a 77% jump in revenue to \u00a3527m for the year ending 31 December 2024, with pre-tax profit up to nearly \u00a327m from \u00a310m previously.<\/p>\n
TSL, part of the Tonroe Group, said the leap in performance saw staff numbers rise by almost a third to just over 250.<\/p>\n
New UK offices opened in Leeds and Birmingham, bolstering its regional presence alongside sites in Newcastle, Lymm and Belfast.<\/p>\n
During the year, the operating profit margin increased from 3.3% to 5% which was driven by project mix and a tight control on operating expenses.<\/p>\n
TSL said 2025 would bring further international growth across Europe and North America, driven by rising demand in cold chain, pharma and renewables-linked infrastructure.<\/p>\n
The wider Tonroe Group, incorporating overseas activities, saw turnover jump from \u00a3593m to \u00a3940m and pre-tax profit double to \u00a342m.<\/p>\n
Jackie Wild, Group CEO said: \u201cWe\u2019re pleased with our performance in 2024, which reflects strong commercial and financial management across our projects.<\/p>\n
\u201cOur growth has been underpinned by the trust of longstanding client partnerships and our ability to deliver complex projects internationally.<\/p>\n
\u201cWith a significant pipeline of work confirmed for 2025, we remain focused on delivering technical construction and engineering excellence for our clients whilst investing back into our teams and capabilities.\u201d<\/p>\n<\/p><\/div>\n