Partner Article

Barnsley steelwork firm reports improved performance on last year

Barnsley steelwork contractor firm Bilingham Holdings has reported an after tax profit for the year to the end of December from continuing operations of £0.5m on revenue of £38m, compared with a loss of £0.4m on revenue of £38m in the previous year.

Overall production levels were reduced from previous years to 13,000 tonnes of structural steel which was efficiently fabricated on a single shift basis from our factories in Barnsley and Bristol during 2013.

Major projects included: The completion of Derby multi sports arena; Distribution warehouses in the Midlands and Glasgow; Complex secondary steelwork to a project in Northern Europe, the division’s first international project; Wakefield East Coast Main Line railway station and footbridge.

Billington Structures starts 2014 with its strongest order book for five years.

Projects secured include a major exhibition hall in Liverpool, several energy from waste developments across the UK, sports centres in London, retail projects in Cornwall, Rotherham and Liverpool and a large data centre in the South of England.

Commenting on the results, Steve Fareham, CEO, said: “The improvement in Billington’s financial performance in 2013 is testament to the extensive efforts that have been made restructuring all Group operations in the recent past.

“We have established an appropriate platform from which to serve our customers, while ensuring that we have sufficient capacity and capabilities to exploit growth opportunities as our markets continue to recover.

“We entered the 2014 financial year with the strongest order book the Group has had for a number of years and are well placed to exploit opportunities presented in the short-term, in addition to continuing to develop opportunities in new sectors in order to maximise long-term growth potential.

“The Group remains financially strong with an exciting future.”

This was posted in Bdaily's Members' News section by Clare Burnett .