Byrne Bros has exhibited a remarkable financial performance characterised by a significant increase in revenue and profits.
- Revenue for Byrne Bros soared by 32%, reaching £86m, with pre-tax profits climbing to £4.2m.
- Managing Director Philip Beausang attributed this success to the company’s commitment to quality and strong teamwork.
- Recent project acquisitions include notable contracts with major companies such as Balfour Beatty and Skanska.
- Byrne Bros remains confident in a steady growth trajectory, enhanced by its strategic market positioning.
The recent financial report from Byrne Bros, a specialist in reinforced concrete frames, revealed an impressive 32% increase in revenue, elevating it to £86 million compared to the previous year’s £65 million. This substantial growth is complemented by a rise in pre-tax profits to £4.2 million from £2.9 million, underscoring the company’s robust financial health and operational efficacy.
Managing Director Philip Beausang highlighted the company’s focus on quality and its cohesive team dynamic as crucial factors driving these positive results. ‘The results demonstrate the strength and unity of our team who have worked tirelessly over the past year to position Byrne Bros at the forefront of the Building & Civil Engineering sector,’ Beausang stated. The firm’s strategic emphasis on delivery excellence ensures a premium experience for its clients, which has evidently resonated within the industry.
Byrne Bros has been successful in securing a number of high-profile projects, further solidifying its standing in the construction sector. Recent wins encompass projects like the TVC Centre for Stanhope in White City, London, and The Hub for Balfour Beatty in Aldermaston. Furthermore, the company continues to play a significant role in the HS2 Area North, a joint venture with Balfour Beatty Vinci.
The firm’s current engagements with major infrastructure initiatives include ongoing work with the Skanska Costain Strabag joint venture on HS2 in west London, as well as the North London Heat & Power Plant in association with Acciona at the Edmonton Ecopark. These projects not only represent significant revenue potential but also position Byrne Bros as a critical player in these substantial undertakings.
As part of the larger Byrne Group, which also incorporates Ellmer Construction and O’Keefe Construction, Byrne Bros’s outlook remains optimistic. The adoption of a ‘One Team’ approach, focusing on broadening sector, location, and client base, is central to its strategy. This holistic approach, alongside continuous client feedback, aids in refining the company’s offering and securing repeat business.
Byrne Bros is well-positioned for sustainable growth, reinforcing its leadership in the reinforced concrete frame industry.
