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Residential work boosts Roger Bullivant profits

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Piling and foundation engineering company Roger Bullivant Limited has reported increased revenue and healthy profits in its latest financial results, mainly due to residential housing work.  

Credit: Roger Bullivant.

Turnover for the Soletanche Bachy subsidiary for the year ended 31 December 2022 was £97.4 million, compared to £78.2 million in the previous financial period.  

Gross profit for the Derbyshire-headquartered company was £27.3 million (FY2021: £22 million), while operating profit was £7.4 million (FY2021: £3.2 million).  

Pre-tax profit for Roger Bullivant in FY2022 was reported at £7.5 million, compared to £3.2 million in the prior year.  

While profit for the year was £6.1 million (FY2021: £2.5 million).  

The company’s cash position was also up on the previous financial period (FY2021: £5.4 million) to £7.7 million. 

Net assets and shareholder funds were valued at nearly £15 million, compared to £10.3 million in the prior financial year. 

A dividend of £1.5 million was paid in the year (FY2021: £Nil).  

“The company had strong levels of activity throughout the year with particularly strong performance in one of the company’s key market sectors – residential housing,” the company wrote at the time.  

Adding: “The company also carried out works successfully in non-residential sectors and views this as an important part of the company’s offering which can be developed further.” 

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