Construction and engineering business, Tilbury Douglas, is celebrating a solid financial performance, with increased cash and profits, supported by a healthy pipeline of future work.
Group revenue was £541.6 million last year, a 7 per cent increase on the previous trading period (FY2023 £507.2 million), generating an operating profit of £11.5 million, up from £3.8 million the year prior.
Its balance sheet showed a strong cash position, remaining debt free, and ending the year at £50.7 million, a rise of £8.4 million when compared with the year before (FY2023 £42.3 million).
Last year Tilbury Douglas also secured new contracts and orders worth more than £637 million.
The group closed 2024 with a forward order book value exceeding £1.26 billion, increasing to £1.32 billion by the end of March this year, with several key contract wins within the public sector.
This includes 104 per cent of planned orders this year and 69 per cent for 2026.
Profit after tax was £16.6 million, up from £12.9 million in 2023.
The group also marked its 140th anniversary in 2024, a major milestone for the regional building business.
“Tilbury Douglas continues to enjoy improving performance, which brings financial and business stability,” said CEO, Craig Tatton.
“With a robust long-term order book, a strategy well aligned to national needs, and talented people and suppliers, our group has a strong platform to continue delivering great projects for our valued customers.
“I and my Board colleagues are confident in the group’s continued success throughout 2025 and beyond.”
Tilbury Douglas is a UK building, infrastructure, engineering, and fit-out business, operating across a range of sectors including health, education, water, defence, justice, and civic & civil estate.
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