The company, which offers construction services across southern England, also saw its turnover rise by 4.4% to £234.4m for 2005-2006.

Osborne’s activities include Innovare Systems, which produces the structural insulation panels-based Jabhouse concept – a response to the need for affordable housing and the emphasis by registered social landlords on innovation.

The Jabhouse is one of two timber build system show homes at BRE‘s Innovation Park at Garston.

Osborne’s SIP homes achieved success in one of the 10 winning schemes in the government’s Design for Manufacture competition, which challenges the construction industry to build good quality homes for a build cost of under £60,000.

The company, which is celebrating its 40th anniversary this year, says it has continued to perform well in its traditional markets of affordable housing, property services, rail, health, education, highways, commercial building, urban infrastructure and heritage.

“A major factor to our success is our strong partnering ethos combined with a deep commitment to delivering value for money and continuous improvement,” said chief executive Andrew Osborne.