For the year to 24th February 2017, NG Baily banked sales of £500m, up from £408m the previous year.
Operating profits were £12m, up from £6m last time. The forward order book was up 10% at year-end, reaching £902m.
NG Bailey’s recent strategy has been to move from a reliance on building construction to a portfolio across IT, facilities management, large-scale engineering construction projects and traditional building work. Sales across all its engineering and services divisions increased during the year.
Chief executive David Hurcomb said: “Our operating performance over the past year shows the strategy we put in place six years ago – when the construction industry was being heavily impacted by the economic downturn – was the right one. I would like to thank our great people, who have delivered this tremendous result.
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“However, we cannot afford to be complacent. Each of our key divisions performed strongly over the past year, but we are operating in what is still a challenging environment for our industry, and with a backdrop of continuing political and economic uncertainty.
“As a family owned company, our independence provides us with the freedom to strategically reinvest our profits in areas that support future growth and enable us to be a sustainable business.
“Our success has been built on a platform of industry-leading expertise and exceptional customer service delivery, and that will remain our focus over the next 12 months and beyond.”
Chairman Kevin Whiteman added: “Our financial strength, with no third party borrowings and net assets of £124m, allows us to invest for growth and to support the development of our people.”
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