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GRAHAM reports ‘strong and sustainable’ financial growth

In its latest published accounts for the financial year (up to 31st March 2022), contractor GRAHAM has reported “strong and sustainable” financial growth, despite the very many challenges faced by the construction industry as a whole, not least the reorientation of market conditions resulting from the Covid-19 pandemic and rising inflationary pressures.

The published figures show revenue reached £948m, which marks a £141.9m (17.6 per cent) increase in the contractor’s turnover from the 2021 reporting period.

In the same period, profit before tax was recorded at £19m – a 54 per cent increase from 2021 (2021 – £12.33m) – while the corresponding profit before tax margin rose by half a percent to 2 per cent.

Cash at bank and in hand also increased to £127m (2021 – £118.9m). This says GRAHAM has enabled the business to further improve its supplier payment statistics and to continue to invest in the training and development of its 2,200+ staff cohort.

GRAHAM has also reported that each of its business units, comprising of building, civil engineering, interior fit-out, facilities management and investment projects, have remained profitable throughout this latest financial year.

Looking ahead, GRAHAM has 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.

Commenting on the latest figures, Andrew Bill, GRAHAM Group Chief Executive Officer 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.”

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