Revenue for the year ending 30 September declined to £164m, down from £216m the previous year.Despite the drop, directors highlighted the group’s resilience, supported by stable margins, repeat business, and healthy cash reserves. Reports Contract Journal
EBITDA stood at £6.5m, with margins improving to 4%, up from 3.5%.
Year-end cash at the bank totaled £12m, while net assets rose to £20.5m from £17.6m.
Chairman James Coffey said: “We’re incredibly proud of the result given the challenges in the market.
“The group’s future order book and pipeline remains strong as the business focuses on continuing to work with both new and long-established clients.
“Consistent with the previous year, to ensure the business has a diversified and secure revenue generation, we have continued to prioritise the growth of our infrastructure, data centre and structural alterations, including the builders work and fire protection elements of business.”