GRAHAM has reported ‘strong and sustainable’ financial growth in its latest published accounts for the financial year with revenue reaching £948 million.
It marks a £141.9 million (17.6%) increase in the contractor’s turnover from the 2021 reporting period.
In the same period, profit before tax was recorded at £19m – a 54% increase from 2021 (2021 – £12.33m) – while the corresponding profit before tax margin rose by half a percent to 2% (2021 – 1.5%).
Cash at bank and in hand also increased to £127m (2020 – £118.9m). GRAHAM said the figure enabled it to ‘further improve’ its supplier payment statistics and to continue to invest in the training and development of its 2,200+ staff.
Commenting on the latest figures, Andrew Bill, GRAHAM Group chief executive officer, said, “GRAHAM is pleased with these latest published accounts, which demonstrate our commitment to strong and sustainable financial growth in the face of considerable economic challenges for the construction industry and wider society.
“We have adopted a pragmatic, sensible and selective approach to winning work, coupled with a focus on risk management. Real collaboration with our clients and partners, based on trust and transparency, has also been central to realising our Group objectives. It goes without saying that the immense efforts of our staff, supply chain and subcontractors, who continue to innovate and strive for excellence, is the platform that underpins our continued high performance.”