Belfast fit-out specialist Portview grew its turnover to £74 million in the year to November 2023, contributing to its operating profit doubling to £7.6 million, the company’s latest accounts show.
The company, founded more than 50 years ago, operates across the UK and Ireland and specialises in delivering extraordinary spaces for some of the world’s most recognisable brands.
It has been behind prestigious fit-outs at Wembley Stadium, Harrods, Ascot racecourse and the Tottenham Hotspur stadium.
The board of Portview said they are satisfied with the strong trading performance for the 2023 financial year and that their objective is to achieve sustainable growth whilst maintaining a gross margin percentage that is consistent with previous years.
Last year also saw the culmination of a long term succession strategy with two shareholders exiting the business and Paul Scullion taking on the role of managing director during the year. The remaining board of directors had been in place as part of the plan.
Mr Scullion said: “We are strategically well positioned across a number of key sectors, with a high level of repeat business bolstered by prestigious new clients enabling us to anticipate further steady growth from a record order book.
“Our collaborative approach and consistent delivery of high-quality, complex projects are the main drivers behind our continued progress.
“Growing our employee numbers by over 60% in the last five years to 140 has enabled the business to deliver large projects such as the recently completed 17-storey 441,320 sq ft London College of Fashion within Queen Elizabeth Olympic Park.
“We are continually looking for high-calibre people as we expand further,” he added.
The accounts show that Portview (https://portview.co.uk) is sitting on cash reserves of £11.1m, which is down from £16.2m the previous year.