Earthworks firm ZTL posts 41 percent growth

Turnover for the period 1 November 2023 to 30 April 2024 was £19.5 million.

The firm’s most recent full year results showed turnover for the year ended 31 October 2023 was £27.6 million.

Revenue made in the latest half year period represents 70.93 per cent of the turnover ZTL made in its latest full year results.

This exceeds the company’s strategic target increase of 10 per cent over the year prior, instead equating to a 41 per cent growth over 2023.

ZTL generated a pre-tax profit of £1.7 million, while its operating profit of £1.9 million.

The firm said in a statement: “The company’s strategic goals were produced for 2022 to 2025 with the expectation of difficult trading conditions post Covid.

“However, company performance has generally exceeded these targets, with  market demand being extremely strong.”

The Middlesbrough firm attributed growth to new key relationships with developers, local authorities and Midlands Tier One contractors associated with logistics developments.

The firm added: “These key areas of growth helped the company to a strategic goal in rebalancing the turnover split between commercial, private developers and capital works schemes.

“The pre-tax profitability of the company was 8.9 per cent. ZTL are in the enviable position of not having a single month, throughout the year, post a loss.

“The business is midway through a strategy to take the company through to 2025. As part of the plan the opportunity for growth has been recognised, with revised turnover targets of 10 per cent increase year-on-year being set.

“The company will continue to implement the strategy of selective tendering with trusted clients, at sustainable margins.”

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