Entrepreneur GRAHAM reported a double-digit percentage increase in revenue to £948m in its latest published accounts.
The company’s revenue increased by 17.6% or £141.9m from the 2021 reporting period, while pre-tax profit increased by 54% to £19m . The pre-tax profit margin increased by half a percentage point to 2%.
Cash at bank and in hand also increased from £118.9m to £127m. This figure has allowed GRAHAM to further improve its vendor payment statistics and continue to invest in the training and development of its cohort of more than 2,200 employees.
Each business unit, made up of building, civil engineering, interior design, facility management and investment projects, remained profitable throughout this last financial year.
Looking ahead, GRAHAM also secured a record £1.9 billion work pipeline, expanding its portfolio of major projects across the UK and Ireland, and winning the selection of a number of leading national executives.
The strong financial performance was achieved despite a host of challenges facing the construction industry as a whole, including the reorientation of market conditions resulting from the Covid-19 pandemic and rising inflationary pressures.
Andrew Bill, Group Chief Executive, GRAHAM, 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 society at large. .
“We have taken a pragmatic, sensible and selective approach to winning work, coupled with a focus on risk management. Genuine collaboration with our customers and partners, based on trust and transparency, has also been at the heart of achieving our group’s objectives.
“It goes without saying that the immense efforts of our staff, our supply chain and our contractors, who continue to innovate and strive for excellence, are the platform that underpins our high performance. keep on going.”