Profits increase at Billington

Billington Holdings has announced a pre-tax profit increase of 15.8% to £4.4M in the year to the end of December, up from £3.8M in 2016, supported by strong performance from the structural steel division.

Billington Chief Executive Mark Smith (pictured) said: ‘A strong performance from all Group companies throughout the year has significantly contributed to this solid set of results, thanks to a number of divisions operating at near to full capacity. This, coupled with a good pipeline of projects, positions Billington encouragingly for the coming year.’

‘We are continuing to see the success of the expansion strategy at the Shafton facility, now two years in to the five-year adaptation programme initiated in 2015. This has allowed the Group to increase its capacity and expand its processing and fabrication production to over 30,000t of steel this year.’

According to Mr Smith, the UK construction industry has experienced a number of developments since the beginning of the year.

The UK structural steel demand is forecast to remain stable throughout 2018 and 2019 and the company’s board will continue to closely monitor further developments in the industry in the year ahead, along with any potential impact these may have.