GRAHAM reports £1bn turnover in statement

GRAHAM has reported revenue of £1.094 billion in a recent financial report. 

The construction engineering company, founded in 1955, said the milestone follows a strong performance across its core market sectors – building, civil engineering, interior fit-out, facilities management and development management. 

It marks a 15.3% increase on the Group’s 2022 results of £948.3 million.  

Cash (at the bank and in hand) rose from £127.1 million in 2022 to £177.1 million this year – a 28% increase. 

While profit before tax was recorded at £15.1 million. 

The Group also reported a “record” project pipeline valued at £2 billion. 

Its current financial position will enable GRAHAM to invest in and improve its supply chain management, supplier payment statistics, and employee training of which it has more than 2,200 staff. 

And while it admitted profitability had been impacted by inflationary pressures, it had mitigated risk through strategic partnership working, particularly in growing repeat clients. 

To date, the company reported £379.9 million Social Return on Investment (SROI) for communities in the UK and Ireland. 

The Group was also recently named Digital Contractor of The Year at the Digital Construction Awards, for its commitment to innovation and “tech transformation”.   

National portfolio – major projects 

• Buchanan Wharf mixed-use scheme, Glasgow 
• University of York, 1,480-bed student accommodation 
• Poynton Relief Road, Cheshire 
• Imperial College London, new School of Public Health 
• Marks & Spencer, national modernisation programme   

“We are very pleased with these latest published accounts, which demonstrate a strong performance in our core markets,” said Andrew Bill, GRAHAM Group CEO. “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.” 

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