National contractor and developer GRAHAM saw annual turnover surpass the £1bn milestone in its latest financial results.
The company generated annual revenue of £1.094bn – a 15.3% increase on the £948.3m it reported in its 2022 results. Cash at bank and in hand rose 28% to £177.1m and its profit before tax was £15.1m.
The company said its profitability had been “impacted by well-publicised inflationary pressures facing the wider economy”, but it added the business “continues to mitigate these risks through a strategic approach to partnership working, particularly with a growing number of repeat clients. This model promotes collaboration, quality delivery and cost certainty throughout the supply chain”. The group currently has a record pipeline of £2bn.
Andrew Bill (pictured), GRAHAM Group chief executive officer, said: “We are very pleased with these latest published accounts, which demonstrate a strong performance in our core markets. This has been achieved despite the complexity of the current inflationary environment and other notable external factors. Strong governance and commercial management are at the heart of our approach to sustainable growth.
“We focus on quality delivery and take pride in our record for securing repeat business and the development of collaborative client relationships. The adoption of a pragmatic and selective approach to work winning, built on a platform of risk management, allows us to positively approach the rest of 2023, and beyond. With a significant pipeline of opportunity, which is strong in both volume and quality, we look forward to the future with continued optimism.”
