Engineering group achieves record revenues and secures its best order levels

Chorley-based multi-disciplined engineering business, Taziker Industrial, has achieved record revenues, its annual figures for the year to March 31, 2022, reveal.

Trading improved by more than 30% to in excess of £73m.

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 and, it says, more accurately signifies the underlying improvement in trading performance, as the business continues its journey of resumed growth, generating a pre-tax profit of more than £5m.

The company said it has continued to successfully develop, expand, and diversify into new markets, as it builds on its strategic objective to extend its self-delivery, multi-disciplinary engineering capability.

Taziker also revealed it has started the new financial year with a record secured order book in excess of £82m.

This is an increase of more than 40% on the prior year with the tender pipeline also continuing to reflect a maintained growth opportunity.

Chief executive, Steve Corcoran, said: “We are extremely pleased to announce these positive results, which were attained during a period of turmoil and disruption caused by the COVID 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.”