GRAHAM has reported ‘strong and sustainable' financial growth for the financial year as revenue came close to £1bn.
The firm’s published accounts for the year to 31 March 2022 show revenue increasing by £141.9m (17.6%) from £808.1m last year to £948m.
Profit before tax was relatively low at £19m, despite rising by 54% from £12.33m in 2021. The firm said that each business unit, comprising of building, civil engineering, interior fit-out, facilities management and investment projects, remained profitable throughout the year.
Cash at bank and in hand also increased from £118.9m to £127m. GRAHAM said this had enabled it to further improve its supplier payment statistics and to continue to invest in the training and development of its more than 2,200 staff.
The firm said it has also secured a record work pipeline of £1.9bn, expanding its portfolio of major projects across the UK and Ireland, and earning selection to a number of leading national frameworks.
Group chief executive officer Andrew Bill said: ‘GRAHAM is pleased with these latest published accounts, which demonstrate our commitment to strong and sustainable financial growth in the face of considerable economic challenges for the construction industry and wider society. We have adopted a pragmatic, sensible and selective approach to winning work, coupled with a focus on risk management.
‘Real collaboration with our clients and partners, based on trust and transparency, has also been central to realising our Group objectives. It goes without saying that the immense efforts of our staff, supply chain and subcontractors, who continue to innovate and strive for excellence, is the platform that underpins our continued high performance.’
