The Aberuthven-based firm’s turnover was up 12.6 per cent at £17.6 million and pre-tax profit was 67 per cent higher at £680,945 in the year to March 31.

Respective rises during the previous years were 8.45 per cent and 28.3 per cent.

Hadden has been carrying out a wide range of projects across Scotland including the conversion of the former Eastern Primary School in Broughty Ferry into housing and the refurbishment of the Birks Cinema in Aberfeldy.

Chairman Scott Hadden told The Courier: “Our annual report shows a steady sustained growth in turnover with a corresponding increase in profits.

“Whilst the construction sector still faces challenges we are confident of continued controlled expansion through existing valued clients and new development partners with opportunities throughout Central Scotland and Tayside.”

Company secretary Ronald Horne said the latest results were satisfactory with the directors expecting to maintain the controlled growth in the company for the foreseeable future.

Hadden’s core business is the construction and refurbishment of major public sector and commercial buildings, together with new affordable housing for the public sector.

“The speculative housing sector has shown signs of recovery which has resulted in the sale of the final two completed dwellings in the company’s land holdings,” he said.

These were at Rawes Farm Steading at Longforgan but consent has just been received for Hadden to build another eight houses on the site.

Mr Horne continued: “The controlled increase in turnover was due to the improvement in activity in the industry in general, and allowed the company to further invest in personnel and infrastructure.”

The head office was modernised and extended to facilitate Hadden’s growth and take advantage of the industry’s upturn.

Mr Horne said the risks facing the firm were those for the construction industry generally, but its financial position was healthy.

The firm, with a payroll of 72, prides itself in its reputation for reliability, personal service and innovative solutions.

Repeat business level sits at 75 per cent and its quality management system feedback system revealed a current customer satisfaction rate of 93 per cent.