Billington announces £5.2m pre-tax profit

18.03.09

Billington Holdings, the structural steel and tunnelling manufacturer, has announced a pre-tax profit of £5.2m.

The latest figures cover the 12 months to 31 December 2008. Turnover ran to £77m. In the previous year Billington’s pre-tax profit of £4.8m came from a turnover of £70m.

The business now contains three main elements:

Structural Steel - Billington Structures

A structural steel contractor with activities in industrial, public sector and commercial buildings. Listed as a preferred supplier to main contractors such as Balfour Beatty and Bovis.

Safety Solutions – Easi-edge

A specialist in the development, production and rental or sale of edge protection systems and of other safety related products for the construction industry.

Engineering – Dosco

Design and manufacture of road-heading and tunnelling machines for the mining and civil engineering industries worldwide.

Commenting on the results, executive chairman Peter Hems said: "I am pleased with the group's performance since the disposal of non-core assets in April 2008... current trading is challenging. The level of enquiries for Billington Structures has not been impacted to date, however the margins at which work can be won is at much lower levels than has been achieved in recent years. The impact of lower activity levels, combined with tighter margins for Billington Structures, gives rise to some uncertainty.”

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