Efficiencies and investment fuel performance at structural steel group
Structural steel business, Billington Holdings, says strong delivery in the second half means its profit before tax for the year ending 31 December 2024 (FY24) is expected to be ahead of current market expectations.
The Barnsley-based business says it continues to benefit from improved manufacturing efficiencies and from the deployment of its capital investment programme across all of the group’s production facilities.
Construction of a new building is being carried out at the group’s Shafton facility to provide extra capacity for its Tubecon division, as well as enabling it to undertake additional large and complex fabrications. This is expected to be fully operational in mid-2025.
The Billington Structures business at Shafton has also implemented an additional shift, and taken on additional resource, to service the volume of work it has secured.
Mark Smith, chief executive officer, said: “I am pleased the strong performance seen in the first half of the year has continued.
“We have a solid order book across all of Billington’s businesses, and, in addition, a very healthy pipeline of future opportunities that are close to conversion.
“While we remain mindful of the widely publicised, challenging market conditions, I am optimistic Billington will continue to perform robustly in 2025 and beyond.”
The company expects to release its results for the year ended 31 December 2024 in April 2025.
