Billington announces record results amid uncertain times

One of the UK’s largest structural steelwork and construction safety specialists, Billington Holdings, has announced a record performance for the year ended 31 December 2019.

Revenue increased by 35.7% to £104.9M and profit before tax increased by 20.4% to £5.9M.

Billington Chief Executive Officer Mark Smith

Billington Chief Executive Officer Mark Smith said: “I am very pleased that we have delivered a record performance in 2019, although these results will inevitably be overshadowed by the current global COVID-19 pandemic.

“As a business, we continue to follow the UK Government’s advice and direction, but until the situation stabilises it is not possible to forecast the ultimate impact on our business.”

He pointed out that the conclusion of 2019 witnessed a softening of the structural steelwork market as the UK approached the General Election in December. Pricing pressures continued into the early part of 2020.

“Whilst we had expected this to subside in the medium term as political and economic clarity returned, we are now faced with the uncertainties created by the COVID-19 pandemic,” Mr Smith said.

According to the company results, the structural steelwork businesses, Billington Structures and Shafton Steel Services, both operated at near full capacity, delivering a number of exceptional projects, improving productivity and further increasing the range of services they can offer clients.

Billington Holdings’ other construction businesses also reported strong results. The easi-edge perimeter edge protection and fall prevention business had its best ever year, Peter Marshall Steel Stairs achieved a strong performance, while hoard-it continued to grow and in 2019 recorded its best performance to date.