Billington Holdings profits up by 63%

Leading structural steel and construction safety solutions company Billington has announced pre-tax profits of £3.1M for the period ending 31 December 2015, up by 63.2% on the previous year.

Revenue increased by 25.7% as the company’s main structural steelwork business delivered a host of high profile projects such as the Next distribution centre, Doncaster; Brize Norton Aircraft Hangar, and Wellington Place, Leeds.

The jobs resulted in an output of some 25,000t of fabricated steel, which is close to the capacity of the existing facilities.

Mark Smith, Chief Executive Officer (pictured), said: “2015 was a significant year for the company and I am pleased to deliver the strongest full year results in five years.

“Billington’s expansion strategy has progressed significantly following the purchase of the Shafton site, which increased the capacity of the company’s structural steelwork activities and, in the future, will provide increased opportunities for development.

“Although the industry continues to recover, the market remains competitive and the proposed dividend of 6p is a result of Billington’s ability to deliver quality results to both clients and shareholders.

He added “After a slow start to 2016, as a result of a number of significant contracts being delayed, the remainder of the year looks set to be busy for all divisions, providing management confidence for the full year.

“The Company is well placed to continue to deliver positive results and I look forward to updating the market in due course.”