Strong revenue and profit growth reported by Billington

Billington Holdings has reported strong profit and revenue growth in its full year results to 31 December 2016, while a strong order book for this year means the company is in a healthy position for the near future.

Revenue increased from £56.7M in December 2015 to £63.3M, an increase of 11.6%. Profit before tax was up from £3.1M in the previous year to £3.8M.

Mark Smith, Chief Executive Officer (pictured), said: “2016 was another successful year for the Company and we have delivered a strong set of full year results, with a solid performance from all divisions.

“Over the past year, the Company successfully maintained its order book, and has work continuing throughout 2017.

The company said its structural steelwork division, Billington Structures fabricated 25,000 tonnes of steel throughout the year, a similar tonnage to the previous year. The major jobs that commenced during the year included: IKEA, Sheffield; RAF Marham, Norfolk; Brunel Place, Slough; Romford Leisure Centre; Redrock Retail Park, Stockport, and Project Beagle (Interserve’s new Head Office), Birmingham.

Billington Structures has seen a positive start to 2017, with projects confirmed until the end of 2017, and into 2018.  The Board is confident in the project pipeline which contains a number of positive prospects.