The financial year ending 31st March 2019 saw revenues at GRAHAM stabilise at £735m, after a number of consecutive years of growth.
The Group also posted a profit before tax of £8.2m (1.1% of revenue).
The privately-owned company, which specialises in the delivery of building, civil engineering, interior fit-out, facilities management and investment projects, remains profitable across all of its divisions – a clear demonstration of its diversification and balanced sector profile.
GRAHAM will continue its focus on the delivery of quality projects, with strong cash generation. This will be achieved through selective bidding, working with repeat clients and partners, alongside appropriate risk transfer.
Commenting on the results, Michael Graham, GRAHAM Group Executive Chairman, said:
“GRAHAM continues to be in a strong financial position. First and foremost, these latest accounts indicate stability, particularly as we recorded profits across all of our divisions. This will provide us with a solid platform to continue to grow sustainably.
“We have also produced a healthy balance sheet, with strong cash balances of £63m and no trading debt. Our intent is to continue to invest in the balance sheet to ensure that we can be selective about the projects we work on and the partners we work with.
“Our focussed approach to work winning has accounted for our current order book of £1.2bn together
with a strong presence in multiple frameworks, which will help maintain the Group’s healthy balance between public and private work.
“This leaves us well placed for 2020 with strong levels of secured work, and a forecast revenue of £875m.”