Cleveland Bridge reports profits for third successive year
Steelwork contractor Cleveland Bridge has reported turnover of more than £50M for its financial year ending 31 December 2017 – an increase of more than £6M (12%) on the previous year.
The company said the results mark its third successive profitable year, reflecting its continued success in delivering widespread improvements across the business along with sustained growth.
During the past year, the renowned bridge builder has secured a number of UK and international projects for 2018 and beyond, which it said will further underpin business growth, while also maintaining the company’s profitability and securing jobs for the local workforce.
Cleveland Bridge has also returned to the building structures and bridge services markets, to broaden its offering in sectors which the company has previous extensive experience and skills.
The company is currently involved with the delivery of bridges for the A14 improvement scheme near Cambridge, while overseas it is supplying more than 500 bridges to rural areas of Sri Lanka.
Chris Droogan, Managing Director of Cleveland Bridge said: “The sustained efforts of our talented, skilled and dedicated workforce and the support of our Group has enabled the business to continue to grow.”