News
Billington launches into bridge market
Following a record financial year performance, structural steelwork contractor Billington is launching into the bridge market.
Billington Chief Executive Mark Smith said the company had recruited a skilled team of workers from S H Structures, a bridgeworks specialist that recently went into administration.
Among those moving over from S H Structures is the company’s former managing director David Perry.
Mr Smith said, Billington would use the acquisition of the North Yorkshire firm’s specialist skills to take its existing Tubecon business into the bridge market for the first time.
He said: “There are some opportunities to explore through S H Structures people, and after that we are going to see how far this goes.
“With our steel plate processing skills at Shafton Steel Services and protective coatings capability following the acquisition of Orrmac Coatings, we have the capability to take on large and complex bridge structures.
“This expansion marks an exciting chapter in our journey and reflects our commitment to innovation, growth and excellence as part of our comprehensive offering to our clients.”
Billington has also announced a record financial performance for last year, with revenue up just over 50% to £133M and pre-tax profit more than doubled to £13.4M.
Mr Smith added, the group performance was driven by increased market share and efficiency improvements, enabling increased capacity and higher margins.