Construction company Graham has reported another year of strong performance as chief executive Andrew Bill prepares to step down.
Mr Bill will retire as chief executive on 31 August following more than four decades with the Northern Ireland based business.
He will be succeeded by Courtney McCormick who joined Graham eight years ago and has served as group chief financial officer for the last 12.
Chairman Michael Graham added: “Andrew has made an exceptional contribution to Graham and leaves the business in a position of considerable strength.”
Group revenue for the year to the end of March increased 16% to £1.23 billion from £1.06bn in the previous year.
Profit before tax rose by 42% to £35.8 million. The group also strengthened its cash position, ending the year with £260.7m of cash and cash equivalents and increasing net assets to £113.7m.
Jonathan Hall, chief operating officer, said: “These results demonstrate the strength and resilience of our business and the breadth of opportunities available across our chosen markets.
“The quality of projects and frameworks secured during the year provides excellent visibility and gives us confidence in the future.”
Highlights included the award of the £286m redevelopment of Cambridge Halls for Unite Students and Manchester Metropolitan University, delivering more than 2,300 student bedrooms.
The group achieved a significant development milestone with planning approval secured for its 446-bed purpose-built student accommodation scheme at Hydepark Street, Glasgow.
The group further strengthened its position within the education sector through appointment to the Department for Education’s £15 billion CF25 Construction Framework, while also securing significant projects for the University of East London, Loughborough University and several major school redevelopment programmes.
In healthcare, Graham was appointed to the Hospital 2.0 Alliance Framework, supporting the delivery of the UK’s next generation of healthcare infrastructure under the New Hospital Programme.
Civil Engineering continued to perform strongly, securing the £71 million Central Docks Infrastructure Scheme at Liverpool Waters, while also being appointed to National Highways’ £968 million Legacy Concrete Roads Reconstruction Framework, reinforcing the group’s reputation in strategic infrastructure delivery.
The business expanded its presence in the Republic of Ireland through the award of the BusConnects Core Bus Corridor Scheme in Dublin, establishing a permanent Graham presence in the capital to support growth opportunities.
Within Interior Fit-Out, the business delivered more than £100m of projects and secured major commissions with new and existing clients, including Nike and HSBC.
Graham Asset Management continued its growth trajectory through major partnerships with the Royal Borough of Kensington and Chelsea and London Metropolitan University, alongside further expansion within healthcare, local authority and utilities markets.
#Graham #awaits #CEO #year #growth #Daily #Business