Midlands builder Benniman held profits steady at over £8m last year despite a slowdown in the industrial and logistics market. Pre-tax profit for 2024 came in at £8.1m, just below the prior year’s £8.4m, on turnover of £100m compared to £130m in 2023. During the year management maintained a disciplined cost base helping to lift operating margin to 6.5%, from 5.6% in the prior year. Managing director Steven Smith said Benniman had seen activity picking up this year, with contract wins driving turnover back towards 2023 levels. “As a result, the company now has a significant pipeline which should guarantee a stable platform well into 2025 and beyond.”The previous year’s slowdown saw cash reserves slip back to £37m (2023: £55m).