Stephen Shaylor, chief executive of Midlands-based contractor Shaylor Group, is the first to admit the market is tough in the region. But he is confident the company's strategy of diversifying away from pure construction to other revenue streams will secure increased turnover and profit in 2012. The financial year to 31 March 2011 was a hard one for the contractor - revenue dropped 20% from £56m in 2010 to £45m, while pre-tax profit plummeted by half from £1.2m to £600,000. But Shaylor, who has headed the firm since 1998, says turnover and profit are on course to return to 2010 levels in this financial year thanks to Shaylor Group's diversification strategy. He restructured the business two years ago to split it into four separate divisions, after launching the company's repair and maintenance business.
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