Building on its success of last year, Strategic Team Group, one of the UK's fastest growing suppliers of building and property solutions, has again announced significant increases in both turnover and profit before tax.

For the financial year ending March 31st 2006, STG has reported a turnover of £17m, a 42% increase on last year's £12.04m; and operating profit before tax of £1.45m, representing a 40% increase on last year's figure of£1.04m. In addition to this growth in a challenging and competitive market, STG paid out over £100,000 in bonuses to team members and a 12% dividend to shareholders. All existing employees were retained and the STG team grew from 93 to 107 during the course of the year.

STG's work in Social Housing grew to represent 42% of the company's turnover, and its progressive adoption of Modern Methods of Construction (MMC) led to it being awarded a record number of new contracts. Key client wins included Travis Perkins and Barnsley MBC in addition to continuing to work alongside other prestigious clients in the rail, commercial, retail and public sectors.

Charles Tweed, Business Development Director at STG, said:

"We are delighted with what we have achieved and will be aiming to continue growing our market share and presence throughout the North of England. Last year saw us making signification improvements on our financial performance as well as meeting all our business objectives and we are very proud of this.

"In addition, we raised £20k for CBIT, were listed as the 63rd fastest growing private company in the UK and won three National Business Awards in the North East category. As always, this has been achieved through hard work and commitment from our great team and we wish to thank them for these exceptional results."

STG intends to achieve a range of objectives in the new financial year including: a NOPBT of £1.7m; encouraging wider share ownership for team members; promoting a proactive Health and Safety culture and delivering at least 24 hours of training and development to each of its team members.

Strategic Team Group (Strategic Team Maintenance Ltd) is one of the UK's fastest growing suppliers of building property services. To enable the delivery of complete property solutions, the directors have developed a strategy of creating associated specialist companies with expertise in their own areas, comprising: Strategic Team Scotland Ltd; Strategic Property Management Ltd; Strategic Safety Services Ltd, Strategic Shutters and Doors Ltd, Strategic Homes Ltd & Strategic Mechanical & Electrical Services Ltd.

Since its inception in 2000, the company has developed a culture and a reputation for delivering service excellence and a sound customer base. The Strategic companies now have a turnover of circa £20m, employing over 150 employees and boasting a strong financial position.