A combination of increasing demand for its environmental services, new partnerships and major framework wins were behind the sales leap, up from 拢67m in 2011 and 拢52m in 2010.
Forrest, which is backed by private equity firm LDC, also posted another consecutive year鈥檚 growth in profits, with recurring EBITDA rising 17% to 拢8.2m (2011: 拢7m).
The business has also strengthened its board with the appointments of commercial director Mark Cutler, director of energy solutions Alan Neild-Crabb and operations director Mark Parker.
A focus on developing long-term partnerships with registered providers has seen Forrest secure a 10-year, 拢70m agreement with聽Bolton at Home in addition to forming a new 拢88m joint venture 鈥� Ring Stones 鈥� with Burnley-based Calico Homes.
Chief executive Lee McCarren said: 鈥淭his has been a landmark year for Forrest and the firm has now established itself as a leading player in the UK鈥檚 social housing sector. Our absolute focus on securing long-term, sustainable growth through offering a broad-package of support services continues to fuel our expansion. By investing in both our core operations and emerging environmental services, we continue to position ourselves at the leading edge in the built environment and the first to market with new solutions.鈥�
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