Steel group reports further growth in its 70th year
Structural steel group Billington Structures has reported further growth in its 70th year of trading.
The Barnsley-based firm has reported interim results to June 2017 which show a revenue increase of 26% to £34m, whilst profit increased by 28% to £2.24m. The group operating profit for the period was £2.27 million compared to £1.77 million for the same period in 2016.
The company’s planned growth strategy remains on course , with further progress on its Shafton site. The first half of the year saw a busy period of trading. Projects carried out during the period include IKEA, Sheffield; Commercial Offices at Lombard Street, London; Project Beagle, Birmingham; and 3 Wellington Place, Leeds; along with various data centres across the country.
After successfully completing buildings 3, 5 & 6 of Wellington Place, Billington has recently secured another two projects on the development.
Mark Smith, chief executive, said: “It is a pleasure to report a strong set of Interim Results, which have further improved from the 2016 results. This highlights the progressive performance across the Group delivering a diverse range of significant, high-quality contracts.
“The Company’s growth strategy remains on track with progress continuing to be made at Shafton. The Group is beginning to realise the benefits of the increased in-house capacity. 2017 is shaping up to be a very productive year, supported by the hard work of all divisions across the Group, and Billington expects an equally optimistic second half of the year.”
With sites in Barnsley and Bristol, Billington Structures designs, fabricates and erects structural steel across all sectors of the UK market. It is a nationally recognised and award-winning steelwork contractor with 70 years’ experience, and has the capacity to process over 25,000 tonnes of steel per annum.
The firm also has Shafton Steel Services, which houses state-of-the-art steel processing and profiling facilities. The Shafton facility offers the opportunity to bring previously subcontracted work back in-house, and also provides increased capacity for Billington Structures.
During the period, Shafton’s workforce increased by 41% in order to manage the growth and additional workload at the division, and the company intends to continue further recruitment throughout the remainder of the year.
The firm also has a safety solutions division as well as its core steel business.
Smith added: “Billington continues to acknowledge the skills shortage within the industry and has therefore adopted various strategies to combat the impact of this on the Group’s operations.
“The Company invests in the training and development of its employees, runs apprenticeship programmes and supports local colleges; all of which help to ensure Billington maintains a skilled workforce.
“A year on from the Brexit vote, and the market appears to be in a stable position, with UK consumption of constructional steel forecast to remain consistent into 2020. This stability provides Billington with the confidence to continue its growth strategy, and the ability to meet demands and complete projects to the highest standard.”
