The results, released this morning, reveal group revenue of £94.9m from £87.8m in 2018, with 75% of gross profit generated by the group’s more resilient contract business and net working capital debt reduced to £2.8m from £4.5m in 2018.

Commenting on the group’s performance, CEO Andy Pendlebury said: “2019 was another extremely positive year for the group – revenue, GP, cash generation and shareholder dividends all increased in line with market expectations.

“I am extremely excited about our prospects as the work we have done to position ourselves as a lead player in the infrastructure, rail, energy and international sectors has yet to be fully exploited by the group.”

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