Construction firm builds up record turnover
GRAHAM, one of the UK and Ireland’s leading construction, facilities management and project investment businesses, has reported significant growth as its turnover increased by 36% to £767.5m during the 2017/18 financial year.
The company, which opened its Carrwood Park office in Leeds in 2017, announced a pre-tax profit of £13.1m.
Executive Chairman, Michael Graham, said: “Fundamentally, GRAHAM is in an excellent position. Each of our divisions has a record order book and a pipeline of opportunity that is strong in both volume and quality. Cash at bank and in hand has passed the £70 million mark with good operating cash flows which means that, among other things, we can ensure prompt supplier payment that will stand us in good stead for more sustainable growth.
“Regionally, demand has consistently increased for our services across Yorkshire, and the opening of our Leeds office in 2017 was testament to that. We’re excited to continue to grow our reputation in the region, with a strong pipeline of infrastructure, construction and development projects on the horizon.”
In addition to its Leeds office, GRAHAM has a strong presence across the North of England, with bases in Durham, Liverpool and Manchester.
Graham added: “We have increased investment into the business during 2017/18, developing a guiding principle of ‘delivering lasting impact’ that reflects who we are and what we stand for. This formed the basis for a strategic rebrand – the first in more than 25 years – and was rolled out nationally from the end of April. Our business has evolved significantly in the last 25 years and we’re really proud of the result.
“Most importantly, we continue to invest in our people, their skills and capability. In the last year we have received the Investors in People (IIP) Platinum standard and Wellbeing accreditation, the first contractor to achieve this in the UK, recognising our commitment to forward-looking, cutting edge people policies and practices and placing GRAHAM in the top 3% of recognised IIP organisations across the UK. We have also enhanced our digital capabilities through the investment in the digital construction team and digital FM offering.
“We remain ambitious about what we can help achieve for a society that needs more homes, better hospitals, schools and infrastructure, first rate commercial space and leisure facilities – high quality projects that are built to last.”
