GRAHAM tops £1bn turnover two years in a row

GRAHAM has exceeded £1 billion in turnover for the second consecutive year. 

Revenue for the year ended 31 March 2024 was £1.125 billion, up 2.8 per cent on the previous financial period, generating a pre-tax profit of £14.8 million (FY2023: £15.1 million).      

The national contractor and developer also declared a “robust” balance sheet with cash reserves of £151 million, compared to £177.1 million the year before. 

To offset delays and high borrowing costs impacting profits across the industry, GRAHAM focussed on a “sustainable growth model” of strategic supply chain management and selective work winning. 

This approach resulted in a record pipeline of secured work valued at more than £2 billion, building on the previous year. 

It added its latest financial results were in part due to major project deliveries in its core sectors: building, civil engineering, fitout, FM, and development management. 

ESG: To date, the group has delivered a Social Return on Investment (SROI) of more than £538 million across the UK and Ireland. 

It also declared a 19 per cent reduction in Scope 1 and 2 carbon emissions and a 98 per cent rate for diversion of waste from landfill. 

Last year, GRAHAM declared an operating profit of £14.2 million (FY2022: £18.9 million) and total income of £11.9 million (FY2022: £15.4 million) 

To date, the business employs in the region of 2,500 people.  

A word from the top 

“The market has been challenging but our consistent focus on quality delivery and commitment to securing repeat business through the development of collaborative client relationships have allowed us to grow sustainably over the past year,” said group CEO, Andrew Bill. 

“We prioritise robust governance and commercial management which are the backbone of our sustainable growth model.  

“Significantly, the continued success of the group has been achieved despite global economic uncertainty and inflationary pressures.” 

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