The brickwork contractor was hit when the two-staircase rule for residential towers was lowered from 30m to 18m in July 2023.
Shoppers paused schemes to revamp, pushing again round £30m of secured work by as much as 9 months.
Regardless of the programme setback, pre-tax revenue rose 25% to £3.6m because the group reduce overheads and boosted undertaking returns.
The most important price restructuring noticed senior administration layers eliminated and larger duty pushed via the enterprise, reducing admin bills by 7% and bettering returns by 5% between the primary and second halves of 2024.
The newest figures full a enterprise turnaround following a £2.2m slide into the pink in 2022 within the face of wage and supplies inflation.
The year-end order e book swelled to £135m with LMB ending the 12 months with £2m money in hand, persevering with to reinvest in its scaffolding arm and coaching operations.
LMB additionally expanded its in-house apprenticeship academy, enrolling 26 new starters to take whole apprentices to 117 throughout the UK. The agency has now gained approval to ship Degree 2 and Degree 3 brickwork apprenticeships.
