GRAHAM revenue tops £1 billion for second year running

Revenue at one of Northern Ireland’s largest construction groups has breached £1 billion for the second year running.

GRAHAM reported sales of £1.1 billion for the years ended March 2024, a 2.8% uplift on the same period in 2023 which it put down to the successful deliver of a range of projects across its core markets. Pre-tax profits for the same period

Projects include Candleriggs, a 346 unit Build to Rent development in Glasgow (£81.5m), improvement works to the M25 Junction 28 in Essex (£154m), the interior fit-out of BT’s new 76,000 square feet offices in Dundee and the restoration of the historic Cathays Grade II Listed Library for Cardiff Council.

The company said the growth was possible by focusing on it supply chain management and being selective with the work that it has taken on, all in the face of higher borrowing costs, higher raw material costs and an increase in legislation.

Andrew Bill, GRAHAM Group Chief Executive Officer, said the accounts underline the strong performance of each the business’s divisions.

|We prioritise robust governance and commercial management which are the backbone of our sustainable growth model,” he said. “Significantly, the continued success of the Group has been achieved despite global economic uncertainty and inflationary pressures.

“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. Looking forward, we have developed a significant pipeline of opportunity to allow us to positively approach the next 12 months, and beyond, with energy and optimism.”

At Lord’s Cricket Ground, the iconic home of cricket, the company has also been named as the preferred bidder for an iconic redevelopment project encompassing the Tavern and Allen Stands, while it recently secured planning consent for a transformative regeneration project at Meadowbank in Edinburgh that will see the development of over 700 much-needed homes – over 35% of which will be affordable – across a five-hectare site that will create one of the city’s “greenest neighbourhoods”.