McLaren set to profit from slump

摘要

Kevin Taylor, chairman of McLaren Construction, has said the firm has an ￡18m war chest to buy struggling rivals, writes Tom Bill.rnTaylor, who founded the Essex-based company in 2001, was speaking after it posted an 88% rise in pre-tax profit from ￡1.7m to ￡3.2m in the year to 31 July 2009. Last year the company spent up to ￡810,000 on contracts from failed competitor Verry Construction; these included the ￡68m Westminster college job in London.