Structural steel group falls deeper into the red
Structural steel group Severfield has revealed a sharp fall in profits as tough market conditions and lower volumes hit the structural steel specialist, but the company insists it remains on track for the full year and well-positioned for future growth.
For the six months to 27 September 2025, the Thirsk-based group posted revenue of £206m, down 18% on the previous year. Underlying profit before tax plunged to £0.6m from £16.1m, while pre-tax losses widened to from £5.8m £7.6m.
Despite the weaker performance, Severfield r... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
