Accounts for the year end to September 2017 revealed group turnover to be £74.21 million with profits settling at £1.59m.

Maxi Construction posted a turnover of £11.4m (up from £8.6m) but pre-tax profits dipped slightly to £353,000.

The firm said: “We have a good forward order book, delivering quality construction work throughout Central Scotland and further afield. We are also seeing an increase in turnover at satisfactory profit levels whilst strictly following our policy of not taking on any uneconomic work.”

Turnover at Maxi Haulage rose from £56.1m to £62.3m. Pre-tax profits were £1.35m. The business said it made £3.5m of capital investments to “maintain a modern fleet essential to continuing to achieve our high levels of efficient services and expansion”.

Maxi Caledonian added: “All companies remain profitable but with slightly reduced margins due to unavoidable cost increases which have not been recovered. We sincerely thank our customers and clients for their continued support and our staff and subcontractors for their commitment and hard work.

“We continue to maintain very healthy balance sheets with cash reserves and no borrowings. This allows us to maintain our investment programme and finance expansion when opportunities arise.”