Steelwork contractor posts record revenues

Taziker Industrial, the multi-disciplined engineering specialist, has posted record revenues for the financial year to 31st March 2022.

Trading in the year was up more than 30% on the previous year, to in excess of £73M. The company said the business has continued to successfully develop, expand, and diversify into new markets.

The increased volumes generated a gross profit increase, up by £3.5M to £15.5M, with gross profit percentage also improving as the business enhanced its operational performance and took advantage of the increased volumes.

Operating profit in the year improved by more than £2M to £3.8M, generating a pre-tax profit of more than £5m.

The business also said that it started the new financial year with a record secured order book in excess of £82M, which is an increase of more than 40% on the previous year.

Steve Corcoran, Chief Executive of Taziker (pictured) said: “We are extremely pleased to announce these positive results, which were attained during a period of turmoil and disruption caused by the COVID-19 pandemic.

“The performance reflects the skill, hard work and determination of our people and is a testament to their professionalism. With our forward order book and future pipeline also at record levels, we maintain confidence that we will continue to see Taziker deliver sustainable revenue and earnings growth for the year ahead.”