In the latest published accounts for the financial year (up to 31st March 2022), GRAHAM’s financial growth has been described as ‘strong and sustainable’, with revenue reaching £948m
GRAHAM’s financial growth marks a £141.9m (17.6%) increase in the leading contractor’s turnover from the 2021 reporting period (2021 – £808.1m).
Profit before tax in the same period 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 in hand and at bank also increased to £127m (2021 – £118.9m). This has enabled GRAHAM to further improve its supplier payment statistics and to continue to invest in the training and development of its 2,200+ staff cohort.
Building, civil engineering, interior fit-out, facilities management and investment projects all remained profitable throughout the financial year
GRAHAM has also secured a record work pipeline of £1.9bn, expanding its portfolio of major projects across the UK and Ireland, and earning selection to a number of leading national frameworks.
The strong financial performance has been achieved despite the very many challenges faced by the construction industry as a whole, not least the reorientation of market conditions resulting from the Covid-19 pandemic and rising inflationary pressures.
GRAHAM continues to innovate and strive for excellence
Andrew Bill, GRAHAM Group chief executive officer, said:
“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.”
