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NG Bailey has reported a strong financial performance in its latest financial report, bolstered by the successful rollout of its Journey to 2030 strategic plan.
For the year ended 27 February 2026, the independent engineering and infrastructure services business, reported turnover of £707m, up from £662m in 2025 with underlying operating profit for the year at £21.2m, an increase from £15.0m in 2025.
The results come as the Group has evolved its operating model to deliver its strategic priorities and respond to the changing requirements of customers. It is the first full year of NG Bailey’s newly formed Built Environment division, which brought together the Engineering, Facilities Services and Low Carbon businesses to meet market demand with its end-to-end service offering. The division collectively delivered a strong performance with year-on-year growth.
Freedom, NG Bailey’s electricity infrastructure business, has continued to be a major growth driver for the Group, underpinned by its strategic partnerships with the majority of UK Distribution Network Operators (DNOs) alongside its growing portfolio of privately funded connections projects.
IT Services, the Group’s digital technologies provider, which specialises in critical connectivity infrastructure, generated healthy margins during the year. Following a strategic reset aligning its capabilities with market opportunities, the business is well positioned to meet customers’ evolving needs.
Alongside these positive performances, the Group made £3.5m of strategic investment over the year, focused on digitalisation, sales and capability growth along with supporting organisational bandwidth as the Group grows.
NG Bailey’s order book has increased to £1.7bn, and is focused on the Group’s target markets, particularly those with high barriers to entry that are more resilient during economic downturns and aligned to where future funding is heading, such as defence, healthcare, rail, decarbonisation, energy (nuclear and electricity) and water.
Jonathan Stockton, Chief Executive at NG Bailey, said: “It has been a year of successful evolution as we move from planning into delivery of our Journey to 2030 strategy. We’ve continued to deliver a strong financial performance, whilst reinvesting in the business in both digitalisation and new technology solutions which will ensure we remain at the forefront of the industry, further supporting improvements in productivity and delivery across the Group.
“As ever our positive financial performance is rooted in a relentless focus on managing risk and selective approach to the projects we take on, centered on long-term sustainable growth. This, alongside our focus on resilient sectors, means that while we have an eye on current market headwinds, we remain confident that we’ll continue to deliver our growth strategy heading towards 2030 and beyond.”
He added: “People are at the heart of both our Journey to 2030 strategy and the Group’s DNA. As an independent, family-owned business, I’m pleased that our investment this year has focused on people development, including recruiting more than 55 apprentices as we look to support the next generation of industry talent. We have also invested significantly in training and development to address the skills gap across our sector, while increasing our direct delivery resources to strengthen capability and support sustainable growth. In addition, we have added proven expertise and leadership across the Group, further enhancing our effective delivery and long-term resilience.”
NG Bailey created the new role of Chief AI Officer over the period to provide clear leadership and governance over the adoption of AI across the Group. This role, says NG Bailey, will ensure that new technology solutions are analysed and adopted in a structured and responsible way, aligning with the Group’s growth strategy, values and risk management framework.
The new financial year has started strongly, bolstered by the acquisition of Engineering Solutions Group, including its main trading business, ECS Engineering Services (ECS), a specialist engineering business operating across the water, environmental and wider infrastructure sectors. The deal further strengthens the Group’s infrastructure capabilities and brings a new specialism within the water sector into the Built Environment division.
Stockton added: “Our Journey to 2030 strategy provides a roadmap for our growth and I’m pleased that we have made encouraging progress over the course of the last year. The acquisition of ECS has been completed earlier than anticipated in the plan and provides a natural extension to our existing offer to clients, further strengthening our market position.
“While 2026 is continuing this decade’s trend of presenting macroeconomic market challenges, our strong, diversified order book, long-term client relationships and reputation within the industry for delivery excellence mean we remain in a strong position to navigate uncertainty, with the Board and I optimistic about the continued trajectory of the Group.”
