Fulcrum’s profit pivot point

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Fulcrum, the Sheffield-based, nationwide independent utilities contractor, has cut its losses from £14 million to £5.6 million on turnover up from £37 million to £41 million. Chief executive John Spellman said: “This has been a transformational year for Fulcrum.

“These preliminary results mark the start of a new phase for the development of the business, moving into continued profitability and a focus on revenue growth.