The efficiency contrasts sharply with Severfield’s newest figures, the place income dipped 3% to £451m and the group was pushed right into a close to £18m pre-tax loss following expensive bridge weld faults.
The steelwork group, which now employs 2,218 employees worldwide, credited its world footprint, sector diversification and a string of standout tasks for driving development and a margin uplift to 7.9% from 3.1% in 2023.
Improved buying and selling noticed money at financial institution greater than double to £71m.
These outcomes predate the Bury-based specialist’s latest acquisition by entrepreneur Simon Orange in June.
Chief government and chair Sue Hodgkiss stated: “We’re delighted to share one other yr of resilient efficiency and a sturdy stability sheet, each of that are testomony to the onerous work and dedication of our proficient workforce.”
She warned that ongoing financial uncertainty and slower market situations in 2025 could trigger mission delays, however confused Hare’s order e-book remained nicely diversified.
The group continues to strengthen its place in vitality and nuclear, having delivered steelwork packages for Hinkley Level C, whereas additionally carving out a number one position in low-carbon London tasks.
In London, it not too long ago accomplished its third reuse metal body mission at 30 Duke Avenue job in Piccadilly. This ranks because the UK’s largest reused metal body which used 440t of reclaimed structural metal from a close-by donor constructing.
