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Hurley Palmer Flatt has said it will be close to hitting its 拢50m turnover target when its current financial year finishes next spring.

The engineer said three years ago that it wanted to double income to 拢50m and in its latest annual results said revenue for the year to March 2019 was forecast to be around 拢45m.

Chairman and chief executive Paul Flatt (pictured) said: 鈥淸The 拢50m figure] is still on track. We have continued to grow the business forward through acquisition, international reach and seeking new markets.鈥�

The firm, which is celebrating its 50^th anniversary this year after being founded by John Hurley back in 1968, is working on several high-profile schemes in the capital including Multiplex鈥檚 Principal Tower scheme, designed by Foster + Partners, on the City fringe as well as the contractor鈥檚 100 Bishopsgate development in the heart ofthe Square Mile.

Turnover in the year to March 2018 jumped 17% to 拢38.3m while pre-tax profit was up nearly a third to 拢2.8m from 拢2.2m in 2017.

The UK business, which includes its head office on London鈥檚 Blackfriars Road as well as offices in Warrington and Glasgow, turned over 拢25.7m, up from 拢23.7m in 2017, accounting for 67% of the group鈥檚 overall business.